<h1>Conglomerate launches Rs 24,930 crore rights issue at discount, 3-for-25 offer with staggered payment schedule</h1> A listed Indian conglomerate's flagship company has opened subscriptions for a major rights issue, offering shares at Rs 1,800 each, about 24 per cent below the approval date price. The issue, totaling approximately Rs 24,930 crore via over 13.85 crore new shares, closes on December 10 and offers three rights equity shares for every 25 fully paid shares held. Promoter shareholders, holding about 74 per cent, will subscribe to their full entitlement. Investors must pay 50 per cent on application and the balance in two later calls. Unsubscribed or unrenounced rights entitlements will lapse post-closing. Proceeds will fund infrastructure projects and partial debt repayment.