Adani Enterprises to raise up to Rs 20,000 crore via FPO

To fuel billionaire Gautam Adani’s ambitious expansion plan, Adani Enterprises on Friday approved a Rs 20,000 crore further public offering (FPO) of equity shares of the company.

At a board meeting of the company to consider fundraising exercise on Friday at Ahmedabad, it was decided to raise funds via FPO through a fresh issue of equity shares by the company aggregating up to Rs 20,000 crore.