Mumbai, Nov. 13 -- Adani Enterprises on Thursday officially announced key details of its Rs 25,000 crore rights issue, which will be used to strengthen the company's balance sheet and fund projects across its airport, roads and new energy businesses.
According to a company release, the company's Rights Issue Committee met on November 11 and finalised the terms of the issue. It will comprise 13,85,01,687 partly paid-up equity shares of Re 1 each, amounting to a total of Rs 24,930.30 crore, assuming full subscription. The issue price has been fixed at Rs 1,800 per share, including a premium of Rs 1,799 per share.
The record date for determining eligible shareholders is Monday, November 17, the release stated.
Before the issue, the company ...