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Surging rights entitlement prices signal strong appetite for Adani Enterprises capital raise
Rising Rights Entitlement prices and a surge in recent bids highlighted strong investor interest in Adani Enterprises’ Rs 25,000 crore rights issue funding its next phase of expansion.
Investor participation in Adani Enterprises’ ongoing rights issue gathered pace over the past two sessions as the Rights Entitlement price climbed more than 23 percent, moving from Rs 349.80 on December 3 to Rs 430.65 by December 5. Market data indicates that nearly half of the total bids were placed during this short period, reflecting accelerating demand from both domestic and global investors. The Rs 24,930 crore capital-raising exercise is among the largest rights issues ever undertaken in the Indian market.