<p>New Delhi: Shares of Adani Energy Solutions surged more than 8 per cent on Thursday a day after billionaire Gautam Adani-led group's power transmission unit said it has raised $1 billion (Rs 8374.535 crore) through a share sale.</p>.<p>This was the first public equity raised by the conglomerate since a damning Hindenburg report.</p>.<p>The scrip of the company rallied 8.34 per cent to trade at Rs 1,232.95 apiece on the National Stock Exchange (NSE).</p>.<p>On the BSE, it zoomed 7.92 per cent to trade at Rs 1,227.75 per piece.</p>.<p>In late morning trade, the shares of Adani Energy Solutions hit an intra-day high of Rs 1,236.70 and 1,236 apiece on the BSE and the NSE.</p>.<p>The 30-share BSE Sensex rose 88.64 points or 0.11 per cent to trade at 81,829.98, while NSE Nifty went up 53.90 points to trade at 25,005.05.</p>.<p>In the intra-day session, the BSE benchmark jumped 388.15 points, or 0.47 per cent, to hit an all-time high of 82,129.49 in early trade while the broader NSE Nifty scaled the record 25,000 level for the first time, rising to 127.15 points, to 25,078.30.</p>.Blinkit delivers surging Q1 profit for Zomato.<p>Billionaire Gautam Adani-led group's power transmission unit has raised $1 billion through a share sale, the first public equity raised by the conglomerate since a damning Hindenburg report, which wiped away billions in shareholder value.</p>.<p>Adani Energy Solutions Ltd had raised the funds through a qualified institutional placement (QIP) issue.</p>.<p>The QIP, which opened on Tuesday, was oversubscribed three times with demand of about Rs 26,000 crore - making it the largest transaction in India's energy space.</p>.<p>The issue closed at Rs 1,135 per share, as against the issue price of Rs 976 per share or a 14 per cent listing discount.</p>.<p>QIP is an instrument used by listed companies to raise funds from large institutions.</p>.<p>Marquee investors such as GQG, QIP, ADIA and few top names in the US participated in the QIP.</p>.<p>Domestic institutions including Bandhan MF, Nomura, and 360 India Infoline also participated in the issue.</p>.<p>The fundraise is the first after the group's flagship firm scrapped a Rs 20,000 crore issue in February last year, following the Hindenburg report alleging accounting fraud and stock manipulation.</p>.<p>Though the group vehemently and repeatedly denied all allegations, listed companies of the conglomerate at one point saw over $150 billion (Rs 12,56,227.5 crore) of their market value being wiped out.</p>.<p>While the group has largely recovered, a successful QIP is being seen as a powerful vote of investor confidence in the tycoon.</p>.<p>Earlier, Adani Energy Solutions Ltd (AESL) said its management has authorised the opening of the issue on Tuesday as well as approved the floor price for the issue.</p>.<p>The floor price was set at Rs 1,027 per equity share.</p>.<p>Last month, Adani Energy Solutions Ltd reported a net loss of Rs 1,190.66 crore for the June quarter of 2024-25 mainly due to exceptional losses related to the divestment of an asset.</p>.<p>The company had posted a net profit of Rs 181.98 crore during the April-June period of 2023-24, the company said in a regulatory filing.</p>.<p>The total income rose to Rs 5,489.97 crore in the quarter under review from Rs 3,772.25 crore in the year-ago period. </p>
<p>New Delhi: Shares of Adani Energy Solutions surged more than 8 per cent on Thursday a day after billionaire Gautam Adani-led group's power transmission unit said it has raised $1 billion (Rs 8374.535 crore) through a share sale.</p>.<p>This was the first public equity raised by the conglomerate since a damning Hindenburg report.</p>.<p>The scrip of the company rallied 8.34 per cent to trade at Rs 1,232.95 apiece on the National Stock Exchange (NSE).</p>.<p>On the BSE, it zoomed 7.92 per cent to trade at Rs 1,227.75 per piece.</p>.<p>In late morning trade, the shares of Adani Energy Solutions hit an intra-day high of Rs 1,236.70 and 1,236 apiece on the BSE and the NSE.</p>.<p>The 30-share BSE Sensex rose 88.64 points or 0.11 per cent to trade at 81,829.98, while NSE Nifty went up 53.90 points to trade at 25,005.05.</p>.<p>In the intra-day session, the BSE benchmark jumped 388.15 points, or 0.47 per cent, to hit an all-time high of 82,129.49 in early trade while the broader NSE Nifty scaled the record 25,000 level for the first time, rising to 127.15 points, to 25,078.30.</p>.Blinkit delivers surging Q1 profit for Zomato.<p>Billionaire Gautam Adani-led group's power transmission unit has raised $1 billion through a share sale, the first public equity raised by the conglomerate since a damning Hindenburg report, which wiped away billions in shareholder value.</p>.<p>Adani Energy Solutions Ltd had raised the funds through a qualified institutional placement (QIP) issue.</p>.<p>The QIP, which opened on Tuesday, was oversubscribed three times with demand of about Rs 26,000 crore - making it the largest transaction in India's energy space.</p>.<p>The issue closed at Rs 1,135 per share, as against the issue price of Rs 976 per share or a 14 per cent listing discount.</p>.<p>QIP is an instrument used by listed companies to raise funds from large institutions.</p>.<p>Marquee investors such as GQG, QIP, ADIA and few top names in the US participated in the QIP.</p>.<p>Domestic institutions including Bandhan MF, Nomura, and 360 India Infoline also participated in the issue.</p>.<p>The fundraise is the first after the group's flagship firm scrapped a Rs 20,000 crore issue in February last year, following the Hindenburg report alleging accounting fraud and stock manipulation.</p>.<p>Though the group vehemently and repeatedly denied all allegations, listed companies of the conglomerate at one point saw over $150 billion (Rs 12,56,227.5 crore) of their market value being wiped out.</p>.<p>While the group has largely recovered, a successful QIP is being seen as a powerful vote of investor confidence in the tycoon.</p>.<p>Earlier, Adani Energy Solutions Ltd (AESL) said its management has authorised the opening of the issue on Tuesday as well as approved the floor price for the issue.</p>.<p>The floor price was set at Rs 1,027 per equity share.</p>.<p>Last month, Adani Energy Solutions Ltd reported a net loss of Rs 1,190.66 crore for the June quarter of 2024-25 mainly due to exceptional losses related to the divestment of an asset.</p>.<p>The company had posted a net profit of Rs 181.98 crore during the April-June period of 2023-24, the company said in a regulatory filing.</p>.<p>The total income rose to Rs 5,489.97 crore in the quarter under review from Rs 3,772.25 crore in the year-ago period. </p>