Adani Enterprises to Raise Rs 25,000 Cr
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Adani Enterprises plans to raise Rs 25,000 crore through a rights issue to fund infrastructure expansion. Details on the stock exchange filing.
Photograph: Amit Dave/Reuters
New Delhi, Nov 4 (PTI) Billionaire Gautam Adani's flagship firm Adani Enterprises on Tuesday announced plans to raise Rs 25,000 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 Re 1 each for an amount not exceeding Rs 25,000.00 crore by way of a rights issue to the eligible equity shareholders of the company.
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 Re 1 each for an amount not exceeding Rs 25,000.00 crore by way of a rights issue to the eligible equity shareholders of the company.
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