Adani Enterprises Launches ₹24,930-Crore Rights Issue

Adani Enterprises, a big company led by Gautam Adani, is offering its current shareholders a chance to buy more shares at a discount.

This is called a rights issue, and it's worth ₹24,930 crore.

The money from this issue will be used to pay off some of the company's debt and for other business needs.

The shares are being offered at ₹1,800 each, which is cheaper than the current market price.

Existing shareholders can choose to buy these shares or sell their right to buy them to others.

The company has many different businesses, like airports, roads, and green energy, but some of these are expensive to run and take a long time to make money.

The company has grown a lot over the years, but it also has a lot of debt and is involved in many legal and regulatory cases.

Investors need to decide if they want to buy more shares, sell their rights, or not participate at all.