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    <title>Adani Enterprises opens one of India&#039;s largest rights issues</title>
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    <description>Adani Enterprises initiated a rights issue offering three rights shares per 25 held at Rs 1,800 each (about 24% discount), totaling roughly Rs 24,930.30 crore if fully subscribed. Promoters will subscribe to their entitlements. Applicants must pay 50% on application (Rs 900) with the balance payable in two subsequent calls. Proceeds will fund infrastructure, energy, metals and digital projects and partly retire debt. Rights entitlements not subscribed or renounced by the closing date will lapse and be extinguished.</description>
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