India's Adani Enterprises raises $1.58 billion from share sale

Adani Enterprises

07/07/2026 21:57

    July 7 (Reuters) - Adani Enterprises ADEL.NS said late Tuesday it raised 150 billion rupees ($1.58 billion) from its upsized share sale to institutional investors.
The flagship company of the Adani Group said it has allocated 52 million shares at 2,883 rupees apiece, a discount of 5% to the floor price of 3,034.68 rupees.
Adani Enterprises plans to use the proceeds to fund capital expenditure, including building a polyvinyl chloride plant and paying concession fees for a road project.

($1 = 94.9600 Indian rupees)

 (Reporting by Chris Thomas in Mexico City; Editing by Maju Samuel)
 ((chris.thomas@thomsonreuters.com;))