. (AEL) has announced the detailed terms of its much-anticipated Rs 24,930 crore rights issue, marking one of India’s largest equity fundraises by a private conglomerate. The company’s board has approved the issuance of 13.85 crore partly paid-up equity shares to existing shareholders, aiming to bolster its capital structure and reduce debt as part of its long-term growth strategy. Advertisement

The rights issue price has been set at Rs 1,800 per share, representing a 24% discount to Adani Enterprises’ closing price of Rs 2,370.2 on Tuesday. This discount is designed to encourage shareholder participation and enhance liquidity. Each equity share will carry a face value of Re 1, with the proceeds earmarked for debt optimisation, capital expenditure, and expansion of business assets across

See Full Page