Intimation regarding approval of closure of QIPs and Placement documents

Adani Enterprises Limited has approved the closure of its Qualified Institutional Placement (QIP) on July 7, 2026, after receiving application forms and funds from eligible qualified institutional buyers. The company will allocate 5,20,29,136 equity shares at an issue price of ₹2,883.00 per share, which includes a discount to the floor price. Additionally, the placement document has been adopted, and a confirmation of allocation note will be sent to the eligible buyers.

A qualified institutional placement issues new shares, so existing holders own a smaller share of the same company unless the proceeds earn more than the dilution costs.

• Issue price versus the current market price
• Stated use of proceeds
• Resulting dilution as a percentage of equity