New Delhi, Nov. 12 -- Adani Enterprises share price will be in focus on Thursday after the company announced rights issue worth Rs.25,000 crore. The board of directors of Adani Enterprises approved a rights issue of not more than Rs.25,000 crore via partly paid-up equity shares of Re 1 each.

As per reports, Adani Enterprises plans to use the proceeds to expand projects such as those of Adani Airport Holdings Ltd. This is the Adani Group firm's biggest fundraising after the cancellation of a fully subscribed Rs.20,000 crore follow-on public offering (FPO) in 2023.

The Adani group flagship company will issue over 13.85 crore rights equity shares each for an aggregate amount of Rs.24,930.30 crore. Adani Enterprises rights issue price has b...