Adani Energy Solutions Limited (AESL) has successfully raised ₹8,373.10 crore through a Qualified Institutional Placement (QIP), marking the largest QIP in India’s power sector. This is AESL’s first equity raise since its demerger from Adani Enterprises Limited in 2015. The QIP, launched on July 30, attracted bids 6 times the base deal size of ₹5,861 crore. The funds will be used for renewable energy evacuation infrastructure, debt repayment, and strengthening corporate activities. This significant capital influx indicates strong investor confidence in India’s energy transition, positively impacting energy sector stocks.
