It is reported that the board of diversified conglomerate Adani Enterprises Ltd has approved issue of 1:1 bonus, subject to share holders approval.
As per report Adani Enterprises Ltd is also planning a rights issue of up to INR 1500 crore to meet fund requirements for future expansion, mainly in mining.
It is additionally planning to turn Mundra Port and Special Economic Zone a group company into a subsidiary of AEL, by transferring the promoters’ shares, close to 81% of the total, to the flagship company Adani Enterprises Ltd. The move would result in bringing all businesses of the Adani Group under one flagship entity, Adani Enterprises.
