Adani Enterprises to raise Rs 25,000 cr via rights issue

Adani Enterprises plans to raise up to 25,000 crore via a rights issue to fund debt repayment and capital expenditure, primarily in its airport business. The company reported an 84% year-on-year net profit increase to 3,199 crore for the September quarter, boosted by an exceptional gain from a stake sale in Adani Wilmar.