Tag: capital raising
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Adani Enterprises to Raise $2.8B via Rights Issue After Hindenburg Fallout
Adani Enterprises Announces Major Rights Issue After Market Turmoil Adani Enterprises has unveiled plans to raise 250 billion rupees (approximately $2.8 billion) through a rights issue, marking a renewed push for capital as the conglomerate seeks to move on from the stock market controversy that accompanied its previous equity fundraise. The move signals confidence in…
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Adani Enterprises Rights Issue: Plan to Raise $2.8B
Overview: Adani Enterprises announces a $2.8 billion rights issue Adani Enterprises said on Tuesday it plans to raise 250 billion rupees (about $2.8 billion) through a rights issue of shares. The move comes as the company tries to move past the stock-market turmoil and a blistering scrutiny sparked by a recent equity fundraising announcement. The…