Adani Enterprises Limited (AEL), the flagship company of billionaire Gautam Adani’s Adani Group, has announced a plan to raise up to ₹25,000 crore through a rights issue to fund its massive infrastructure and expansion initiatives.

In filing the papers with exchanges on Tuesday, the company stated that its board of directors has approved the issuance of partly paid-up equity shares of the face value of ₹1 each for an aggregate amount of ₹25,000 crore to be offered to eligible equity shareholders of the company.

Being among the biggest rights issues in the country’s corporate sector, this fundraising is blessed with an impetus to enhance Adani Enterprises’ balance sheet as its capacity is stretched into expansion in renewable energy, airports, roads, data centers, and green hydrogen projects.

Further details, including the record date, issue price, and payment structure, shall be announced soon after receipt of necessary regulatory approvals.