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Adani Enterprises gets nod to raise funds up to Rs 20,000 crore

28 Nov 2022 Evaluate

Adani Enterprises has received an approval for raising of funds by way of a further public offering through a fresh issue of Equity Shares by the Company aggregating up to Rs 20,000 crore.  The board of directors of the Company at its meeting held on November 25, 2022, approved the same.

Besides, the company is going to seek approval of the shareholders for the aforesaid issuance by way of postal ballot process.

Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.

Peers
Company Name CMP
Redington 356.35
Adani Enterprises 2731.05
Amrapali Industries 34.31
Maxgrow India 175.85
Rashi Peripheral 864.95
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