According to reports from The Hindu BusinessLine and Reuters, Adani Energy Solutions has secured shareholder approval to raise up to ₹10,000 crore through shares in one or more tranches. The company may launch another institutional share sale by early next fiscal year, following a successful fundraise this week that raised ₹3,500 crore (about $367 million). If market conditions remain favorable, the company may tap the QIP market again towards the end of this financial year or early next FY. As per The Hindu BusinessLine sources familiar with the matter, if market conditions remain favorable, the company may go for the entire remaining quantum in the next tranche. Reuters sources confirmed that after such a strong response, the company may tap the QIP market again towards the end of this financial year or early next FY, with India's fiscal year running April through March.
As reported by The Hindu BusinessLine and Reuters, companies belonging to billionaire Gautam Adani's ports-to-power conglomerate have raised about ₹475 crore ($4.75 billion) over the last eight months through QIPs and rights issues to fund expansion and reduce debt. The group's flagship, Adani Enterprises, raised ₹158 crore ($1.58 billion) via a QIP earlier this month and ₹280 crore ($2.8 billion) through a rights issue. Another group company, Adani Power, plans to raise up to ₹157 crore ($1.57 billion) through a QIP. The Hindu BusinessLine and Reuters sources confirmed that the group has been actively raising capital through various instruments to strengthen its financial position.
According to The Hindu BusinessLine and Reuters, mutual funds and insurance companies were the biggest buyers of Adani Energy Solutions' shares in this week's fundraise, with the firm receiving offers totalling three times its target. Shares of the company, which is the largest private sector power transmission company in India, have jumped more than 60% so far in 2026. This marks the biggest capital raise from the group since short seller's allegations roiled its shares in 2023. Reuters sources noted that after such a strong response, the company may tap the QIP market again towards the end of this financial year or early next FY, with India's fiscal year running April through March. Reuters sources requested anonymity as they are not authorised to speak to media.
