The Rs 83.73 billion QIP, which closed last week, attracted over 120 investors seeking shares in AESL, a firm involved in power transmission, distribution, and smart metering.

Investment firms led by billionaire Stanley Druckenmiller's family office were also among those interested in purchasing shares of AESL during the QIP.

AESL's filing revealed that its board approved the allocation of over Rs 80.57 billion shares to qualified institutional buyers at an issue price of Rs 976 per share. This price represented a discount of Rs 51.11 (4.98 per cent) from the floor price of Rs 1,027.

The filing detailed that INQ Holdings LLC, a wholly-owned subsidiary of QIA, acquired 15 per cent of the shares sold. Citigroup's two Mauritius funds purchased 8.88 per cent of the shares, while four SBI funds?SBI Infrastructure Fund, SBI Large & Midcap Fund, SBI Long Term Advantage Fund Series IV, and SBI Magnum Children's Benefit Fund?together acquired 7.93 per cent of the shares. Nomura Singapore Ltd ODI obtained 7.5 per cent of the shares.

Additionally, it was noted that INQ had acquired nearly 2.7 per cent of Adani Green Energy, the renewable energy arm of the conglomerate led by billionaire Gautam Adani, in August of the previous year. INQ had also purchased a stake in Adani Electricity Mumbai, a subsidiary of AESL, in 2020.