Adani Enterprises plans a comprehensive capital-raising maneuver.

The shares of Adani Enterprises experienced a 2% decline after the company announced the sale of shares worth 4,200 crore rupees through a private placement. The set minimum price is 3,117.4750 rupees per share. Investors have the opportunity to purchase shares at a discount of up to 5% on the minimum price. This endeavor is part of Adani's capital-raising strategy and is managed by renowned firms such as SBI Capital Markets, Jefferies India, and ICICI Securities. Additionally, the measure is supported by advisory services from Cantor Fitzgerald. At the opening on Wednesday, the stock price recovered slightly and closed at 3,152.90 rupees, representing a 0.42% decrease compared to the previous day. This financial move is part of a broader strategy: originally, Adani had contemplated the issuance of shares worth 12,500 crore rupees in May 2023 but temporarily put these plans on hold. Now, the company aims to raise up to 16,600 crore rupees through equity or securities to further strengthen its financial position and build solid capital reserves.