Adani Energy Solutions, a leading private energy player, intends to raise Rs 12,500 crore through qualified institutional placement (QIP) or other means. The decision follows a board meeting, with the timeline and share price yet to be disclosed. Shareholder approval will be sought at the upcoming AGM on June 25. The company’s debt has surged, reaching Rs 5,165 crore by March 2024. Adani Group, post the Hindenburg report in January 2023, has attracted significant investments, totaling $6 billion from investors like GQG Partners and Qatar Investment Authority.