In a regulatory filing, Adani Enterprises said that it would raise Rs 12,500 crore, while Adani Transmission plans to raise Rs 8,500 crore.

The funds would be raised through issuance of such number of equity shares and/or other eligible securities by way of QIP or other permissible mode, the two companies stated in separate exchange filings.

Both the companies will be seeking shareholders approval for the fund raising by way of postal ballot process.

Meanwhile, Adani Green Energy, which was also scheduled to announce fundraising plans today, has rescheduled its board meeting to 24 May 2023.

Adani Enterprises is the flagship company of Adani Group, one of India's largest business organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses. The next generation of its strategic business investments are centered around green hydrogen ecosystem, airport management, roads, data center and water infrastructure.

Adani Transmission (ATL) is the transmission and distribution business arm of the Adani Group. ATL is the country's largest private transmission company with a cumulative transmission network of 18,875 ckm, out of which 14,279 ckm is operational and 4,596 ckm are at various stages of construction.

Shares of Adani Enterprises declined 1% to close at Rs 1,964.80 while Adani Transmission slipped 3.49% to settle at Rs 885 on Friday, 12 May 2023