Adani plans to raise Rs 10,000 crore via QIP

The money may be raised in phases starting in the last week of August

Adani Group is planning to raise over Rs. 10,000 crore through a qualified institutional placement (QIP) of shares of Adani Enterprises, Adani Power and Adani Ports & Special Economic Zone to fuel the group's growth. The money may be raised in phases starting in the last week of August, with Adani Ports likely to hit the market first, the report added.  Recently, Adani Ports and Special Economic Zone (APSEZ) received the environment and coastal regulation zone clearance from the Union Ministry for Environment and Forests, for its 8,481 hectares special economic zone in Mundra.