Adani Enterprises' Rs 25,000 crore rights issue saw 82.6% subscription before December 10 close.
Summary
Adani Enterprises' Rs 25,000 crore rights issue, priced at Rs 1,800 per share, saw 82.6% subscription ahead of its December 10 close. The issue, which opened on November 25, has received strong participation from promoters and institutional investors.
Key Points
- Adani Enterprises launched a Rs 25,000 crore rights issue.
- The rights issue was priced at Rs 1,800 per share.
- The subscription reached 82.6% before the closing date.
- The issue opened on November 25 and closed on December 10.
- Investors pay Rs 900 per share at the time of application.
Full Article
Adani Enterprises’ Rs 25,000 crore rights issue has reached 82.6% subscription ahead of its December 10 close. The issue, priced at Rs 1,800 per share, has seen strong participation from promoters and institutional investors. Bids have crossed 11.6 crore shares against the 13.85 crore on offer, according to BSE data. Caption: The issue opened on November 25. Investors are required to pay Rs 900 per share at the time of application.