Adani Enterprises Ltd ., the flagship company of the Adani Group has disclosed details of its nearly ₹25,000 crore rights issue, which it had approved during the quarterly earnings announcement last month.

Adani Enterprises will be issuing 13.85 crore partly paid-up equity shares which will have a face value of ₹1 each. The total amount raised through the rights issue will be ₹24,930 crore.

The rights issue price has been fixed at ₹1,800 per share, which is a discount of 24% from Adani Enterprises' closing price on Tuesday. A rights issue is a capital raising instrument used by a company where it issues fully or partly paid-up equity shares at a price that is generally at a discount in comparison to the current market price.

Record date for the rights issue has been fixed as November

See Full Page