Adani Enterprises’ shares surged over 6% on Wednesday after the company unveiled a ₹25,000 crore rights issue through partly paid-up equity shares of Re 1 each. The stock climbed 6.32% to ₹2,516 on the BSE. This fundraising marks the group’s largest since the withdrawal of its ₹20,000 crore FPO in 2023 and aims to support expansion projects, including those under Adani Airport Holdings Ltd.
The company will issue around 13.85 crore rights shares, aggregating ₹24,930.30 crore, at ₹1,800 per share—a 24% discount to the previous day’s closing price. The record date is November 17, 2025, with eligible shareholders entitled to 3 rights shares for every 25 held. Rights entitlement credits will be completed by November 18, and the issue will open on November 25, 2025, closing on December 10, 2025. On-market renunciation is allowed until December 5, 2025.
Investors must pay ₹1,800 per share in phases—₹450 in January 2026 and another ₹450 in March 2026. Post-issue, total outstanding shares will rise from 115.42 crore to 129.27 crore.
