Adani Enterprises’s Rs 25,000 crore rights issue opens, funds to power airports, data centres, green hydrogen expansion
Adani Enterprises, the flagship firm of billionaire Gautam Adani‘s conglomerate, launched subscriptions for one of India’s largest rights issues on Tuesday, offering shares at Rs 1,800 apiece, a discount of roughly 24 per cent to the approval date price.
Total size of the issue (assuming full uptake) is Rs 24,930.30 crore through the issuance of over 13.85 crore new shares, according to the company’s rights issue filing. The issue closes on December 10.
