Adani Enterprises plans ₹250 billion rights issue
pre-market1 source ↓written by the desknot a recommendation
- approximately
- ₹250 billion
- through a rights
- $2.8 billion
- in 2023
- ₹210 billion
Adani Enterprises announced plans to raise ₹250 billion (approximately $2.8 billion) through a rights issue of shares. This move aims to recover from the fallout of the Hindenburg report, which accused the group of governance issues. The company previously raised ₹210 billion in 2023, but funds were returned after controversy.
This rights issue may boost liquidity and restore investor confidence, as many Adani Group stocks have shown recovery since the initial drop.
Not investment advice. For informational purposes only.