Quant MF largest investor in Adani Enterprises' QIP, buys 47% of shares

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Quant MF largest investor in Adani Enterprises' QIP, buys 47% of shares - Business Standard

Quick Summary:

Quant Mutual Fund has emerged as the largest investor in Adani Enterprises' recent Qualified Institutions Placement (QIP), which raised Rs 4,200 crore.

Other funds from Quant, like the ELSS Tax Saver Fund, Active Fund, and Flexi Cap Fund, also invested heavily, each taking more than 7% of the issue.

After this offering, the company's paid-up equity share capital increased from Rs 114 crore to Rs 115.42 crore. The QIP, which ran from October 9 to October 15, 2024, is part of a broader strategy to raise capital.