Adani Enterprises plans Rs25K-cr rights issue

New Delhi: Billionaire Gautam Adani’s flagship firm Adani Enterprises on Tuesday announced plans to raise Rs25,000 crore through a rights issue to fund the massive expansion drive across its infrastructure ventures.

Adani Enterprises in a stock exchange filing said its board has approved the issuance of partly paidup equity shares of the company of face value of Re1 each for an amount not exceeding Rs25,000.00 crore by way of a rights issue to the eligible equity shareholders of the company.”