The market opened to a familiar buzz when Adani Enterprises announced a major rights issue worth ₹25,000 crore. It wasn’t just another corporate update. It felt like the beginning of a fresh chapter for the company, especially after the fundraise the group had called off in 2023.
And the stock reacted instantly. The share price climbed over 6%, touching ₹2,516 on the BSE. A clear sign of strong interest around this rights issue and what it could unlock for the company.
Market Performance at a Glance
The stock moved sharply after the announcement, with a jump of 6.32%.
The broader sentiment stayed focused on the scale of this fundraising effort and how it aligns with the company’s expansion trajectory.
The Big Announcement: Inside the ₹25,000 Crore Rights Issue
The company’s board signed off on a rights issue worth up to ₹25,000 crore, to be raised via partly paid-up equity shares with a face value of Re 1 each.
The company plans to use the funds to push forward its expansion plans, including key developments under its airport business.
To break it down, here are the core details of the rights issue:
Rights Issue Structure
- Total issue size: ₹24,930.30 crore
- Total rights shares: Over 13.85 crore shares
- Issue price: ₹1,800 per share
- Discount: 24% to the previous closing price
- Ratio: 3 rights shares for every 25 fully paid-up shares held
This ratio makes it clear that the company is targeting existing shareholders in a structured, inclusive format.
Key Dates Every Shareholder Should Note
The timeline of this rights issue is spread out with clarity, giving investors enough room to act.
Important Dates
- Record date: November 17, Monday
- Rights entitlement credit: November 18, 2025
- Issue opening: November 25, 2025
- Last date to trade/renounce rights: December 5, 2025
- Issue closing: December 10, 2025
These dates define the full cycle — from identifying eligible shareholders to final subscription.
Payment Schedule: Split-Payment Structure Explained
The payment plan is phased, making it smoother for shareholders opting into the offer.
Payment Breakdown
- Total amount payable per share: ₹1,800
- Face value: ₹1
- Premium: ₹1,799
- At application: ₹900
- ₹0.50 face value
- ₹899.50 premium
- First call: ₹450
- ₹0.25 face value
- ₹449.75 premium
- Call window: January 12–27, 2026
- Second call: ₹450
- ₹0.25 face value
- ₹449.75 premium
- Call window: March 2–16, 2026
The staggered structure reduces upfront pressure and creates a clear, staged payment flow.
Impact on Share Capital: Before & After
The rights issue also expands the company’s equity base.
Equity Shares Count
- Before issue: 1,15,41,80,729 shares
- After issue: 1,29,26,82,416 shares
The increase reflects a large-scale capital deployment strategy, supported by the rights issue structure.
Company Details: What This Fundraise Aligns With
The company continues to build large-scale businesses that require deep capital cycles.
This rights issue arrives at a time when expansion under its airport vertical is gaining momentum.
It also marks one of the company’s biggest capital-raising moves since the cancelled ₹20,000 crore FPO in 2023. The size of the issue reflects long-term capacity building and a renewed financial push.
Summary: A Significant Milestone in Adani Enterprises’ Growth Plan
The ₹25,000 crore rights issue is more than a fundraising event.
It shows a clear intent to strengthen balance sheet flexibility and support large infrastructure projects.
With a discounted issue price, a well-defined record date, a clear payment plan, and a structured timeline, the offer is built to keep existing shareholders at the center.
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