Adani Enterprises rights issue oversubscribed at 108%
pre-market1 source ↓written by the desknot a recommendation
- rights issue
- ₹25,000 cr
- priced
- ₹1,800 per share
- attracted bids
- 14.95 crore shares
- offered
- 13.85 crore shares
Adani Enterprises Ltd’s ₹25,000 cr rights issue was oversubscribed at 108%, marking a significant recovery since the allegations by Hindenburg Research. The issue, priced at ₹1,800 per share, attracted bids for 14.95 crore shares against 13.85 crore shares offered. Proceeds will aid in debt reduction and capital expenditure.
Not investment advice. For informational purposes only.