Adani Enterprises' ₹250 billion rights issue oversubscribed
market hours1 source ↓written by the desknot a recommendation
- rights issue
- ₹250-billion
- receiving bids
- 149.5 million shares
- on offer
- 138.5 million
- public subscription reached
- 130%
Adani Enterprises announced that its ₹250-billion rights issue has been oversubscribed, receiving bids for 149.5 million shares against 138.5 million on offer. The public subscription reached 130%, with promoters fully subscribing to their portion. This marks the conglomerate's largest capital raise since the 2023 allegations by short-sellers.
Not investment advice. For informational purposes only.