New Delhi, Dec. 10 -- Adani Enterprises Ltd's (AEL) Rs 25,000-crore rights issue, amongst the largest in India till date, closed on a strong note with 108% oversubscription.

As of 5 p.m. on the closing day, the offer had received bids for 14.95 crore shares against 13.85 crore shares on offer.

The issue, among the largest Rights Offerings in India, was closely watched given the group's 74% promoter holding, which made broad public participation essential. Promoters subscribed fully to their entitlement, while the public portion was oversubscribed by 30%, drawing 4.7 crore share bids against 3.6 crore on offer.

Under the payment structure, investors were required to pay Rs 900 per share on application, followed by two additional calls o...