New Delhi, Nov. 15 -- Adani Enterprises shares have risen 6% this week amid the announcement of record date, issue price and other details related to its mega Rs.25,000-crore rights issue. This marks one of the largest fundraising efforts by the ports-to-power conglomerate led by billionaire Gautam Adani following the cancellation of its fully subscribed Rs.20,000 crore follow-on public offering (FPO) in 2023.
Adani Enterprises board had approved the rights issue at its board meeting on November. 4 Further details related to the mega fundraise were finalised by the board on November 11.
With the rights issue record date next week, here's a look at the key details:
The Adani group company said it would issue a total of 13,85,01,687 righ...
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