Adani Energy Solutions Ltd successfully raised ₹8,373 crore (approximately $1 billion) through a qualified institutional placement (QIP) that was oversubscribed six times, attracting over 120 investors. The shares were issued at ₹976 each, which is a 4.98% discount to the floor price of ₹1,027. Major investors included SBI Mutual Fund, INQ Holdings LLC (a subsidiary of Qatar Investment Authority), Citigroup, and Nomura Singapore, with INQ Holdings acquiring 15% of the shares. The funds from the QIP will primarily support significant capital expenditure plans, including the establishment of 30,000 circuit kilometers of transmission lines by 2030. This funding marks the Adani Group's first public equity raise following the Hindenburg revelations in early 2023, signaling renewed investor confidence. The success of this QIP may pave the way for other Adani Group companies to pursue similar equity issuances in the near future.