
Rights Issue28 Oct 2026, 06:51 pm
Adani Enterprises: No Deviation in Rights Issue Fund Utilisation
AI Summary
Adani Enterprises Limited has confirmed no deviation in the utilization of funds raised through its Rights Issue for the quarter ended September 30, 2026. The total amount raised was INR 24,906.82 Crores. The funds were utilized for repayment of borrowings and general corporate purposes, aligning with the objects stated in the Letter of Offer dated November 12, 2025. The Audit Committee and auditors have reviewed the statement and found no discrepancies. The company received application money and subsequent call money towards the partly paid rights equity shares.
Key Highlights
- No deviation in Rights Issue fund utilization for Q2 FY27.
- Total funds raised: INR 24,906.82 Crores.
- Funds used for debt repayment and general corporate purposes.
- Statement reviewed and approved by Audit Committee.
- Utilisation aligns with the Letter of Offer dated Nov 12, 2025.
Price Impact
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