Adani Group will raise 16,600 crores, the company's board has approved…

Adani Enterprises Fundraise: The board of Adani Enterprises, the flagship company of the Adani Group, has approved raising Rs 16,600 crore today i.e. on 28 May. The board has approved the company to raise funds through Qualified Institutional Placement (QIP) or any other means. Adani Enterprises gave this information in its exchange filing.

However, after getting approval from the board, now the company will have to seek approval from the shareholders in the Annual General Meeting (AGM) to be held on June 24. Earlier, Adani Enterprises last got the board's approval to raise ₹ 12,500 crore in May 2023, but did not raise funds again.
Adani Enterprises shares rose 35.71% in 6 months
Today, Adani Enterprises shares are trading at 3,283 with a decline of 6.05 points. The stock has given a positive return of 5.70% in the last 5 days and 6.74% in one month. At the same time, its shares have seen an increase of 35.71% in 6 months and 29.79% in one year.
Adani Energy Solutions will also raise ₹12,500 crore
Earlier on May 27, Adani Energy Solutions had said that it would raise funds worth Rs 12,500 crore through QIP or any other means. The company's board had approved this only yesterday. The final approval for raising this fund will also be taken in the annual general meeting.

Adani Enterprises was established in 1988
Adani Enterprises Limited is a part of the Adani Group of companies. Gautam Adani founded the Enterprises in 1988. The company is headed by Gautam Adani, Chairman, Rajesh Adani, Managing Director and Vinay Prakash, CEO.
The company works on energy and infrastructure projects. Adani Enterprises is the country's largest business incubator. This company works in the field of energy and utility, transportation and logistics, consumer goods and primary industry.