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AESL Secures $1 Billion in Successful QIP

Last Update 06 August 2024

AESL completed its Rs 8,373 crore (USD 1 billion) Qualified Institutional Placement (QIP), marking its first equity raise since demerger from Adani Enterprises in 2015. The QIP saw strong demand from diverse investors and oversubscribed by Six times. AESL will use the funds for Renewable Power Transmission and Smart Metering expansions, reinforcing its role in India's Energy Transition.

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