Adani Enterprises rights issue oversubscribed by 108%
pre-market1 source ↓written by the desknot a recommendation
- rights issue
- ₹25,000 crore
- received bids
- 14.95 crore shares
- on offer
- 13.85 crore shares
- was oversubscribed
- 30%
- were priced
- ₹1,800 each
Adani Enterprises Ltd’s ₹25,000 crore rights issue, which closed today, was oversubscribed by 108%. The company received bids for 14.95 crore shares against 13.85 crore shares on offer. Notably, the public portion was oversubscribed by 30%, indicating strong investor interest and confidence in the company’s prospects. 📈
The rights shares were priced at ₹1,800 each, with eligible shareholders entitled to three rights shares for every 25 shares held. This successful fundraising effort is crucial for the group, given its 74% promoter holding.
Not investment advice. For informational purposes only.