Adani Enterprises’ rights issue worth Rs 24,930 cr opens today at a discount of 23%. Check the issue price, rights ratio and more

One of India’s largest listed business incubator Adani Enterprises Limited (AEL) on Tuesday opened registrations for its rights issue worth Rs 24,930 crore. The issue is one of the largest such offerings in the country and will close on December 10, 2025.Under the issue, the company will offer a total of 13.85 crore equity shares at an issue price of Rs 1,800 per share, a discount of around 23% to Monday’s closing price. The issue is open to all eligible shareholders.

Promoters, who hold about 74% stake in the company, are also expected to subscribe for their share.Assuming full subscription and payment of call money, the outstanding shares after the rights issue will be approximately 129.27 crore shares, versus 115.41 crore shares before the issue.

The company had announced the rights issue on November 11 and set the record date for November 11.

Rights-rights relationshipThe rights shares are offered on a rights basis to eligible equity shareholders in the ratio of 3 rights shares for every 25 fully paid shares held on the record date.

Payment schedule per share

On Demand: Rs 900 (Rs 0.50 face value + Rs 899.50 premium)

First Call: Rs 450 (Rs 0.25 face value + Rs 449.75 premium)

Second and final call: Rs 450 (Rs 0.25 face value + Rs 449.75 premium)

Expected call dates

First call: January 12–27, 2026

Second and final call: March 2 to 16, 2026

The rights issue continues

Proceeds from the rights issue will be deployed for next-generation infrastructure projects including airports, data centres, green hydrogen, roads, PVC and copper smelting capabilities, as well as metals, mining, digital and media ventures incubated by the flagship, plus the deleveraging of some of its debt.

The company’s gross debt stood at Rs 92,065 crore in September. The Adani Group expects annual capital expenditure of $15 to 20 billion over the next five years. Generating equity and internal cash consistently supports asset-backed growth of corporate assets and enables companies to effectively manage and utilize debt at optimal levels, an annual report has found.

Adani Enterprises shares price developments

Shares of Adani Enterprises have fallen in the last three sessions and are down 5% during this period.

The stock ended today at Rs 2,329.40 on the NSE, down Rs 69.80 or 2.91% from Monday’s closing price of Rs 2,399.20.

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