By selling new shares, Adani Enterprises plans to raise $2.45 billion.

Adani Enterprises, the flagship company of Adani Group, announced that it will raise 200 billion Indian rupees ($2.45 billion) by way of Indias largest follow-on public offering of new shares . The group expects to file a draft prospectus by Dec.

Bengaluru: Adani Enterprises, the flagship company of Adani Group, a ports-to-energy conglomerate, announced that it will raise 200 billion Indian rupees ($2.45 billion) by way of India's largest follow-on public offering of new shares, despite fears about the company's high debt levels and large promoter holdings.In comparison, public shareholders of competitor Reliance Industries, led by billionaire Mukesh Ambani, owned 49%.Adani needs funds at the holding company level.It is the company's heart.

Yes Bank sold a 150 billion rupee deal in 2020, the previous largest FPO.

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