Adani Enterprises board approves fundraise. (Photo: Vijay Sartape/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Adani Enterprises Ltd.'s board of directors has approved raising up to Rs 25,000 crore through a rights issue, according to an exchange filing on Tuesday.

"The Board has, inter alia, also considered and approved the issuance of partly paid-up equity shares of the Company of face value of Rs 1 each (the “Rights Equity Shares”) for an amount not exceeding Rs 25,000.00 crore (Rupees Twenty Five Thousand Crore) by way of a rights issue to the eligible equity shareholders of the Company," the filing stated.

Other details such as the record date, issue price, rights entitlement ratio, timing of the rights issue and terms of payment will be determined b

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