Prime Highlights:
- Adani Enterprises Ltd. unveiled details of its ₹24,930-crore rights issue, one of the largest fundraising plans by the Adani Group.
- The capital raised will be used to bolster the company’s balance sheet and support its next phase of incubation and expansion.
Key Facts:
- The company will issue 13.85 crore rights equity shares at ₹1,800 per share, offering three partly paid-up shares for every 25 fully paid-up shares held as of the record date, November 17.
- As of September 2025, Adani Enterprises’ gross debt stood at ₹92,065 crore, with the group planning annual capital expenditure of $15–20 billion over the next five years.
Background
Adani Enterprises Ltd. on Tuesday announced the details of its upcoming rights issue worth up to ₹24,930 crore, marking one of the largest fundraising efforts by the Adani Group. The company’s board has fixed November 17 as the record date to determine eligible shareholders for the offer.
Under the proposed issue, 13.85 crore rights equity shares will be made available at an issue price of ₹1,800 per share. Eligible shareholders will receive three partly paid-up shares for every 25 fully paid-up shares they hold as of the record date, according to the company’s filing with the stock exchanges.
Adani Enterprises said the capital raised will be used to strengthen its balance sheet and support its next phase of incubation and growth. Further details, including those on fractional entitlements, will be disclosed in the Letter of Offer to be filed later.
As of September, the company’s gross debt stood at ₹92,065 crore. The Adani Group expects an annual capital expenditure of $15–20 billion over the next five years. The group’s strategy focuses on using equity and internal cash generation to drive asset-backed growth and maintain optimal debt levels.
On Tuesday, shares of Adani Enterprises closed 0.1% lower at ₹2,366.3 apiece on the BSE, even as the Sensex gained 0.4%. The stock has declined about 18% over the past 12 months.