Quant Mutual Fund picks nearly half stake in Adani Enterprises' Rs 4,200-crore QIP

Adani Enterprises Ltd., the flagship company of the Adani Group, has successfully raised Rs 4,200 crore through a Qualified Institutional Placement (QIP), which was completed on Tuesday, 15 October. About 47 percent of the total shares issued through QIP went to Quant Mutual Fund, mainly through its various schemes. Within this allocation, the largest share (17.4 percent) is allocated to the Quant Smallcap Fund.

The company has allotted 1.41 crore equity shares, with a face value of Rs 1 each, to eligible institutional buyers.

The QIP issue price has been set at Rs 2,962 per share, representing a 5 percent discount to the floor price of Rs 3,117.47 per share, according to the company’s exchange filing.

The discount remained unchanged from Tuesday’s closing price of Rs 3,103 per share.

After the allotment, Adani Enterprises’ paid-up capital increased from Rs 114 crore to Rs 115.42 crore, and the number of equity shares increased to Rs 115 crore.

Despite the capital increase, shares of Adani Enterprises saw little change on Tuesday, closing at Rs 3,103. The stock has gained 6.5 percent year to date through 2024.

'; var ci = 1; var pl = $(".star321806 > div.field-name-body > div.field-items > div.field-item").children('p').length; var adcount = 0; if (pl > 3) { $(".star321806 > div.field-name-body > div.field-items > div.field-item").children('p').each(function (i, n) { ci = parseInt(i) + 1; t = this; var htm = $(this).html(); d = $("

"); if ((i + 1) % 3 == 0 && (i + 1) > 2 && $(this).html().length > 20 && ci < pl && adcount < 3) { if (adcount == 2) { $('

').insertAfter } adcount++; } else if (adcount >= 3) { return false; } }); } // Zee Biz English - Hide FB Comment Module #WBH-1433 - Start /* $(fb_script).appendTo(fmain); $(fdiv).appendTo(fmain); */ // Zee Biz English - Hide FB Comment Module #WBH-1433 - End

var rightside = $('div#main-rhs321806 > div.main-contents:first').clone(); var outpg = $('body').children('.outpage'); $(".sidebar321806").theiaStickySidebar(); if ($.autopager) { var use_ajax = true;

'; var x = 0; var url=""; var prevLoc = window.location.pathname; var circle = ""; var myTimer = ""; var interval = 30; var angle = 0; var Inverval = ""; var angle_increment = 6; var handle = $.autopager({ appendTo: content_selector, content: items_selector, runscroll: maindiv, link: next_selector, autoLoad: false, page: 0, start: function () { $(img_location).after(img); }, load: function () { $('#views_infinite_scroll-ajax-loader').remove(); $('div#main-rhs' + x).empty(); //console.log($('div#main-rhs321806 > div.sidebar321806 > div:first').text()); $('#maincontent >.row:last').before('

'); $(rightside).clone().appendTo('div#main-rhs' + x); $(".sidebar" + x).theiaStickySidebar(); var fb_script = document.createElement('script'); fb_script.text = "(function(d, s, id) {var js, fjs = d.getElementsByTagName(s)[0];if (d.getElementById(id)) return;js = d.createElement(s); js.id = id;js.src=" fjs);}(document, 'script', 'facebook-jssdk'));"; var fmain = $(".sr" + x); var fdiv = '

'; // Zee Biz English - Hide FB Comment Module #WBH-1433 //$(fdiv).appendTo(fmain); FB.XFBML.parse(); var $dfpAd = $('#maincontent').children().find("#ad-" + x); var $dfpAdMob = $('#maincontent').children().find("#ad-mob-" + x); var $dfpAdrhs = $('#main-rhs' + x).children().find('.adATF').empty().attr("id", "ad-300-" + x); var $dfpAdrhs2 = $('#main-rhs' + x).children().find('.adBTF').empty().attr("id", "ad-300-2-" + x); $('body').children('.outpage').empty().append('

'); var $dfpAdOutofpage = $('body').children('div.opage'); var instagram_script = document.createElement('script'); instagram_script.defer="defer"; instagram_script.async="async"; instagram_script.src=" setTimeout(function () { var twit = $("div.field-name-body").find('blockquote[class^="twitter"]').length; var insta = $("div.field-name-body").find('blockquote[class^="instagram"]').length; if (twit == 0) { twit = ($("div.field-name-body").find('twitterwidget[class^="twitter"]').length); } if (twit > 0) { if (typeof (twttr) != 'undefined') { twttr.widgets.load();

} else { $.getScript('//platform.twitter.com/widgets.js'); } } if (insta > 0) { $('#maincontent >.row:last').after(instagram_script); window.instgrm.Embeds.process(); } }, 1500); } });

$(document).delegate("button[id^='mf']", "click", function () { fbcontainer=""; fbid = '#' + $(this).attr('id'); var sr = fbid.replace("#mf", ".sr");

$(fbid).parent().children(sr).toggle(); fbcontainer = $(fbid).parent().children(sr).children(".fb-comments").attr("id"); });

var title, imageUrl, description, author, shortName, identifier, timestamp, summary, newsID, nextnews; var previousScroll = 0; $(window).scroll(function () { var last = $(auto_selector).filter(':last'); var lastHeight = last.offset().top; var currentScroll = $(this).scrollTop(); if (currentScroll > previousScroll) { _up = false; } else { _up = true; } previousScroll = currentScroll; var cutoff = $(window).scrollTop() + 64; $('div[id^="row"]').each(function () { if ($(this).offset().top + $(this).height() > cutoff) { if (prevLoc != $(this).children().find('.article-box').attr('data-url')) { prevLoc = $(this).children().find('.article-box').attr('data-url'); $('html head').find('title').text($(this).children().find('.article-box').attr('data-title')); loadshare(prevLoc); } return false; // stops the iteration after the first one on screen } }); if (lastHeight + last.height() < $(document).scrollTop() + $(window).height()) { url = $(next_selector).attr('href'); x = $(next_selector).attr('id'); } }); } } }); } }; })(jQuery);

Source link

Quant Mutual Fund picks nearly half stake in Adani Enterprises’ Rs 4,200-crore QIP

Leave a Comment Cancel Reply