Adani Enterprises Ltd (AEL)’s Rs 25,000 crore rights issue was oversubscribed by 108 per cent, the biggest fund-raising activity by the Gautam Adani-led group since now-defunct short-seller, Hindenburg Research leveled allegations of insider trading and market manipulation against the group in January 2023. The rights issue price was Rs 1,800 per share, with eligible shareholders entitled to three rights shares each.

25 held, the company said. The issue received bids for 14. 95 crore shares against 13.

85 crore shares on offer. This is the largest offering of its kind in the country so far.