New Delhi: Adani Enterprises, the flagship company of India’s third-largest industrial group, has opened subscription for its ₹24,930 crore rights issue, offering eligible shareholders shares at a ₹533 discount per share. The issue, one of the largest in the country, will remain open until 10 December 2025.
The company is offering 13.85 crore equity shares at ₹1,800 per share. On Tuesday, the stock closed at ₹2,333.70, down 2.71%. This rights issue is open exclusively to eligible shareholders, with promoters currently holding approximately 74% stake in the company.
If the subscription is fully subscribed and the call money is received, the total equity post-issue will rise to 129.27 crore shares, up from 115.41 crore shares before the issue. Announced on 11 November, the rights issue provides shareholders with 3 rights shares for every 25 fully paid-up equity shares held as of the record date.
Payment Schedule per Share:
- On application: ₹900 (₹0.50 face value + ₹899.50 premium)
- First call: ₹450 (₹0.25 face value + ₹449.75 premium)
- Second and final call: ₹450 (₹0.25 face value + ₹449.75 premium)
Estimated Call Dates:
- First call: 12–27 January 2026
- Second and final call: 2–16 March 2026
Use of Funds
Adani Enterprises plans to utilize the proceeds for next-generation infrastructure projects, including airports, data centers, green hydrogen, roads, PVC and copper smelting capacities. Additionally, funds will support ventures in metals, mining, digital, and media, as well as repayment of some debt—the company’s total debt stood at ₹92,065 crore as of September. The Adani Group expects annual capital expenditure of $15–20 billion over the next five years.
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