Ahmedabad, Nov 11 (IANS) The board of Adani Enterprises Limited (AEL) on Tuesday approved a partly paid-up rights issue to raise Rs 24,930 crore at a price of Rs 1,800 per rights equity share, representing a 24 per cent discount to the market, in a bid to bolster its next growth phase.

The board has approved the issuance of 13.85 crore partly paid-up equity shares to existing shareholders, aiming to further strengthen its capital structure.

The rights issue price has been set at Rs 1,800 per share, representing a 24 per cent discount to Adani Enterprises’ closing price of Rs 2,370.2 on Tuesday.

November 17 is the record date for determining eligible shareholders, said the flagship company of the Adani Group in an exchange filing.

The company plans to issue 13,85,01,687 new shares, pote

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