News > Adani Enterprises shares rise as board mulls raising funds

Adani Enterprises shares rise as board mulls raising funds

Shares of Adani Enterprises were trading higher in Wednesday's trade after the Adani Group flagship said it was looking to raise of funds by way of further public offering (FPO), preferential allotment or a combination of both. According to a media report, the company has initiated a FPO to raise as much as Rs 20,000 crore from retail and institutional investors.