Rs 20K-crore Adani FPO to be fourth biggest fundraise by India Inc

RIL's rights issue in 2020 for Rs 53,124 cr remains the single-biggest equity issuance by an Indian firm

Adani Enterprises’ proposed Rs 20,000-crore fundraising via fresh issue of equity shares through a public offer would be the fourth-biggest by Indian companies, excluding banks and non-banking financial companies. 

Reliance Industries’ (RIL’s) rights issue in April 2020 when the company raised Rs 53,124 crore remains the single-biggest equity issuance by the corporate sector in India. It is followed by Bharti Airtel's right issue in February 2019, when the company raised fresh equity capital worth Rs 25,000 crore. Its industry peer Vodafone Idea also raised Rs 25,000 crore in January 2019 through a rights issue. 

RIL also raised nearly Rs 1.5