Billionaire Gautam Adani-led Adani Enterprises on Tuesday announced that it will raise up to Rs 25,000 crore through a rights issue to support its large-scale infrastructure expansion plans.

In a stock exchange filing, the company said its board has approved the issuance of partly paid-up equity shares with a face value of Rs 1 each, to be offered to eligible shareholders.

The rights issue is aimed at strengthening the company’s capital base as it continues to invest in sectors such as airports, green energy, data centres, and logistics.