Adani Enterprises' Rs 25,000 cr rights issue sees strong demand, RE price up 23% before Dec 10 deadline.
Summary
Adani Enterprises' Rs 25,000 crore rights issue is witnessing strong investor demand, with significant bids received. The Rights Entitlement (RE) price has increased by 23%, reflecting investor confidence. The issue's discounted price and partly-paid structure are attracting both domestic and global investors.
Key Points
- Adani Enterprises launched a Rs 25,000 crore rights issue.
- The Rights Entitlement (RE) price has surged by 23%.
- The deadline for RE trading is December 10.
- The issue is attracting global and domestic investors.
Full Article
Adani Enterprises’ Rs 25,000 crore rights issue is seeing strong traction, with nearly half the bids coming in just two days. The Rights Entitlement price has surged 23%, signalling heightened investor interest. The discounted issue price and partly-paid structure are drawing global and domestic investors ahead of the December 10 RE trading deadline.