Adani Enterprises has set its rights issue price at ₹1,800 per share. This represents a 24% discount to its current stock price. The company plans to raise ₹24,930 crore through this issue. Shareholders as of November 14 will be eligible to subscribe. They will receive three rights shares for every 25 shares held.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.