Adani Enterprises (NSE:ADANIENT) launched a QIP—floor price ₹3,034.68, up to 5% discount and raised size to ₹150bn—to fund incubation capex while simultaneously forming a 50:50 JV with IHC and Odisha for a phased ₹1.08 lakh crore aluminium complex spanning alumina, smelting, downstream and 4,000MW power.
Previous Week Recap
- Adani QIP Floor Price Set: Adani Enterprises launched a QIP July 2 with floor price Rs 3,034.68, up to 5% discount, QIP size raised to Rs 150 billion; proceeds to fund incubation capex; final issue price pending.
- Adani Forms Aluminium JV: Adani Enterprises formed a 50:50 JV with IHC and Odisha to build a ₹1.08 lakh crore aluminium complex: 4MT alumina, 2MT smelter, 1MT downstream park, 4,000MW power, phased investment.
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