Adani Energy Solutions completes INR 3,500 crore QIP

Adani Energy Solutions Limited has completed a qualified institutional placement (QIP) aggregating approximately INR 3,500 crore. The issue involved the placement of up to 21,671,826 equity shares at a price of ₹1,615 per share, which includes a premium of ₹1,605 per share.

Law firm Cyril Amarchand Mangaldas advised Adani Energy Solutions on the transaction. The issue, which opened on July 27, 2026, and closed on July 30, 2026, was conducted in compliance with SEBI regulations and the Companies Act, 2013.

Lead managers for the issue included SBI Capital Markets Limited, ICICI Securities Limited, IIFL Capital Services Limited, and Jefferies India Private Limited. Adani Energy Solutions is a major player in India’s transmission and distribution sector and operates as an integrated energy solutions provider.