Adani Enterprises To Consider Fund Raise Today

Adani Enterprises is expected to do a board meet for fund raising today. Street expects Adani Group to reduce their debt on a group level. Funds raised will be used for deleveraging. As per agencies and media reports there could be an FPO to the tune of Rs 14,000-Rs 19,000 crore. At current market prices fund raise would lead to equity dilution of 3%-4% on expanded equity base. Agencies also state that Group maybe looking to raise Rs 40,000 cr in equity across group companies. Potential investors approached:- Mubadala, ADIA, Qatar Investment Authority, Canada Pension Plan Investment Board, Royal Group and ADQ. #adanienterprises #adanifund #adanisharesRead More