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.
Tata Sons boardroom battle intensifies but Tata Group stocks remain unbothered. Should you buy?
Tata Sons has rejected Noel Tata’s objections to N Chandrasekaran’s reappointment, saying the board’s decision was valid and made in accordance with the company’s Articles