is seeing strong demand for its ₹25,000 crore rights issue, sources said, with around half of the bids coming in the past 48 hours and brisk demand from global and domestic investors.
The rights issue opened on November 25 and is set to close on December 10.
The rights issue is priced at ₹1800 a share, and with just two more days for the issue to close, the rights entitlement price has risen 23 per cent in the last two trading sessions, according to sources.
The stock of Adani Enterprises has also gone up 3.5 per cent and on Monday ended 2.2 per cent lower at ₹2215.50 on the BSE.
Sources said that most of the major institutions holding stakes in the company were participating in the issue. Institutional shareholders in the company include GQG Partners, IHC, LIC, and most leading mutual funds.