Adani Enterprises to raise $1.05 B via share sale

Ahmedabad-based Adani Enterprises has launched a qualified institutional placement (QIP) to raise at least Rs.10,000-Cr (USD 1.05-B). Jefferies, SBI Capital Markets, ICICI Securities, and IIFL Securities acted as the book-running lead managers for the transaction.The company intends to use the proceeds to support its capital expenditure plans, particularly for the expansion of data centers and airport projects.The current fundraising represents the second tranche of a total Rs.16,600-Cr equity program approved by the company’s board. Adani Enterprises had completed a separate Rs.25,000-Cr rights issue in March 2026. The QIP process involves issuing approximately 34.7 million new shares.