Adani Enterprises announces ₹25,000 crore rights issue
pre-market1 source ↓written by the desknot a recommendation
- is set
- ₹1,800 per share
- on current market
- 24% discount
Adani Enterprises Ltd has unveiled a rights issue of ₹24,930.30 crore to raise capital through partly paid-up equity shares. The issue price is set at ₹1,800 per share, reflecting a 24% discount on current market prices. This move aims to bolster funds for expansion and debt repayment.
The rights issue allows existing shareholders to purchase additional shares, potentially impacting market sentiment and liquidity. 📈
Not investment advice. For informational purposes only.