New Delhi, July 3 -- Adani Enterprises Ltd (AEL) has increased the size of its Qualified Institutional Placement (QIP) to Rs 15,000 crore from the initially planned Rs 10,000 crore after the share sale received overwhelming demand from institutional investors, reflecting strong confidence in the company's long-term growth strategy.
The issue attracted bids worth nearly Rs 38,000 crore, translating into around 3.8 times subscription of the original base issue. The strong response enabled the company to expand the issue size by 50 per cent, with demand for the enlarged offering also being fully covered within two days.
The QIP drew participation from several leading global investors, including Capital Group, Goldman Sachs, BlackRock, Blacks...