The Board of Directors of New Delhi Television Limited (NDTV), a subsidiary of Adani Enterprises Limited, has approved raising up to Rs 400 crore through a rights issue of equity shares. The decision was taken at the company’s Board meeting held on Tuesday. According to the filing with the stock exchanges, NDTV will issue fully paid-up equity shares of face value Rs 4 each. The rights issue will be offered to existing shareholders as on a record date, which will be announced separately. The company said the fundraising will be carried out in line with the provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.