Adani to raise ₹25K-cr via rights issue

ADANI ENTERPRISES ON Tuesday said its board has approved a fundraise of ₹25,000 crore through a rights issue, aimed at strengthening its balance sheet and supporting the next phase of business incubation.

- RAGHAVENDRA KAMATH

The company said in a release that the next generation of its strategic investments will focus on the green hydrogen ecosystem, airport management, data centres, roads, and primary industries such as copper and petrochemicals — all of which, it noted, have significant scope for value unlocking.

In an exchange filing, Adani Enterprises said its board has approved the issuance of partly paid-up equity shares of face value ₹1 each for an amount not exceeding ₹25,000 crore by way of a rights issue to eligible shareholders. The proceeds are expected to be deployed towards the company’s infrastructure ventures.