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 roughly 23% from the Monday closing price. The issue is open to all eligible shareholders.
Promoters, who hold about 74% in the company, are also expected to subscribe to their portion.
Assuming full subscription and payment of call monies, the outstanding equity shares post the rights issue will be approximately 129.27 crore equity shares versus 115.41 crore equity shares prior to the issue.
The company had announced about the rights issue on November 11 and set the record date on November 11.
Rights entitlement ratioThe rights equity shares are being offered on a rights basis to eligible equity shareholders in the ratio of 3 rights equity shares for every25 fully paid-up equity Shares held on the record date.
Payment Schedule per share
On application: 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 & final call: Rs 450 (Rs 0.25 face value + Rs 449.75 premium)
Expected call dates
First call: 12–27 January 2026
Second and final call: 2–16 March 2026
Rights issue proceeds
The proceeds from the rights issue will be deployed towards next-generation infrastructure projects, including airports, data centres, green hydrogen, roads, PVC and copper smelting capacities, as well as metals, mining, digital and media ventures being incubated by the flagship firm plus retirement of some of its debt as well.
The company’s gross debt stood at Rs 92,065 crore as of September. The Adani Group anticipates an annual capital expenditure of $15-20 billion for the next five years. The equity and internal cash generation consistently support the asset-backed growth in business assets and enable businesses to effectively manage and utilise debt at an optimum level, as per an annual report.
Adani Enterprises share price trends
Shares of Adani Enterprises have been sliding for the past three sessions and have declined 5% in this period.
The stock today ended at Rs 2,329.40 on the NSE, down by Rs 69.80 or 2.91% from the Monday closing price of Rs 2,399.20.
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