Adani Enterprises weighs $1.8 billion fundraise

To raise funds for its ambitious expansion plan, billionaire Gautam Adani’s flagship Adani Enterprises is planning to come out with a further public offering or preferential allotment issue, including a QIP.

The company on Tuesday informed stock exchanges that a board meeting would be held on this Friday, November 25, in Ahmedabad to consider and approve the proposal of raising of funds.