Adani Transmission to raise up to ₹3,000 crore via QIP
Adani Transmission Ltd plans to raise up to ,000 crore through a soon-to-be-launched qualified institutional placement (QIP) offering, said two people aware of the development, requesting anonymity.“Adani Transmission has been preparing to launch an equity share sale through a QIP offering. They have appointed five investment banks—Kotak Mahindra Capital, Citi, Credit Suisse, Edelweiss and JM Financial—to manage the share sale. They plan to raise around ,000 crore, though they have an approval to raise up to ,000 crore,” said the first person cited above. The company is looking to complete the fundraising by the end of this quarter, the person added.QIP is a capital-raising tool through which listed companies can sell t.....