Business Economy


Adani enterprises announces Rs 25,000 cr rights issue to fund expansion

Mumbai, Nov 13 (UNI) Adani Enterprises on Thursday officially announced key details of its Rs 25,000 crore rights issue, which will be used to strengthen the company’s balance sheet and fund projects across its airport, roads and new energy businesses.
According to a company release, the company’s Rights Issue Committee met on November 11 and finalised the terms of the issue. It will comprise 13,85,01,687 partly paid-up equity shares of Re 1 each, amounting to a total of Rs 24,930.30 crore, assuming full subscription. The issue price has been fixed at Rs 1,800 per share, including a premium of Rs 1,799 per share.
The record date for determining eligible shareholders is Monday, November 17, the release stated.
Before the issue, the company had 1,15,41,80,729 equity shares outstanding. After the rights issue, this will increase to 1,29,26,82,416 shares, assuming full subscription.
Eligible shareholders will receive three rights equity shares for every 25 fully paid-up shares held as of the record date.
The rights entitlements will be credited by November 18, and the issue will open on November 25. Investors can trade their rights entitlements on the market until December 5, while the issue will close on December 10, the release stated.
Investors will make payments in three instalments, which will be Rs 900 at the time of application, Rs 450 in January 2026, and the final Rs 450 in March 2026. The company’s board may revise the payment schedule or timing if required under applicable laws, the release stated.
Adani Enterprises is entering a major investment phase, with planned capital expenditure of about Rs 36,000 crore in FY26, up from Rs 16,300 crore in the first half of the year. Around Rs 10,500 crore will be invested in airports, Rs 6,000 crore in roads, Rs 9,000 crore in petrochemicals and materials, Rs 3,500 crore in metals and mining, and Rs 5,500 crore in Adani New Industries.
The Navi Mumbai Airport is set for commercial opening this quarter, with Phase 2 expansion already underway, while city-side developments at the Navi Mumbai and Mumbai airports worth Rs 20,000 crore are scheduled to begin next year. UNI BA SAS SSP
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