Tag: Hindenburg controversy
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Adani Enterprises Plans $2.8 Billion Rights Issue to Move Past Hindenburg Fallout
Adani Enterprises Announces Major Rights Issue Adani Enterprises, the flagship firm of the Adani group, has unveiled plans to raise 250 billion rupees (about $2.8 billion) through a rights issue. The move comes as the company seeks to move beyond the controversy sparked by its previous equity fundraising announcement and to bolster its financial position…
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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…