New Delhi, Dec. 10 -- The Rs.25,000-crore rights issue of Adani Enterprises (AEL), the flagship company of the Gautam Adani-led conglomerate, received a strong response from investors. The issue, which opened for subscription on November 25, closed today, December 10, with a subscription rate of 108%.

As of 5 p.m. on the closing day, the offer had received bids for 14.95 crore shares against 13.85 crore shares on offer. Promoters subscribed fully to their entitlement, while the public portion was oversubscribed by 30%, drawing 4.7 crore bids against 3.6 crore shares on offer.

Adani Enterprises offered 138.5 million equity shares at an issue price of Rs.1,800 per share, with a face value of Re 1 each.

The issue, among the largest rights...