Adani Enterprises – Rights Issue 2025
Adani Enterprises Limited (AEL), part of the Adani Group, is among India’s largest and most diversified conglomerates with interests across energy, infrastructure, logistics, transportation, and consumer businesses.
Acting as the business incubator for the Group, AEL has been instrumental in creating and nurturing several key ventures such as Adani Ports, Adani Power, Adani Green Energy, and Adani Wilmar. It continues to incubate high-growth sectors aligned with India’s development priorities, including green hydrogen, data centers, airports, and digital services.
The company’s strategy revolves around nation-building, infrastructure creation, and sustainable growth while maximizing value for shareholders, employees, and other stakeholders.
Current Market Price: Rs. 2,422 as on 21 November 2025
Rights Issue Offer Price: Rs. 1,800 per share
Last Updated: 28 November 2025, 6.00 AM
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Rights Issue Details
Issue Open- 25 November 2025
Issue Close – 10 December 2025
Security Name
Adani Enterprises Limited
Issue Size (Shares)
13,85,01,687
Issue Size (Amount)
Rs. 24,930.30 Crores
Issue Price
Rs. 1,800 per share
Face Value
Rs. 1 per share
Listing At
BSE, NSE
Terms of Payment
The Issue Price of Rs. 1,800/- per share is payable as Rs. 900/- per share on Application and Rs. 900/- per share on one or more subsequent Calls.
Entitlement
3 Rights Equity Shares for every 25 fully paid-up Equity Shares held on Record Date
Rights Issue Timetable
| Last Date to buy shares | 14-Nov-25 |
| Record Date | 17-Nov-25 |
| Credit of Rights Entitlements | 18-Nov-25 |
| Bid/Offer Opens On | 25-Nov-25 |
| Renunciation of Rights Entitlements | 05-Dec-25 |
| Bid/Offer Closes On | 10-Dec-25 |
| Deemed Date of Allotment | 11-Dec-25 |
| Credit Date | 12-Dec-25 |
| Listing Date | 16-Dec-25 |
Objects of the Rights Issue
The Company intends to utilize the Net Proceeds from the Issue towards the following objectives:
-
Repayment / Pre-payment (in full or part) of certain outstanding borrowings and perpetual debt instruments availed by the Company and its subsidiary Adani Airport Holdings Limited, including interest accrued thereon.
-
General corporate purposes.
Financial Snapshot
| Period Ended | 30-Sep-25 | 31-Mar-25 | 31-Mar-24 |
| Total Income | 44,280.69 | 1,00,365.08 | 98,281.51 |
| Profit After Tax | 4,291.59 | 7,510.22 | 3,293.40 |
| NET Worth | 43,147.19 | 39,627.74 | 29,447.31 |
| Reserves and Surplus | 50,139.79 | 46,397.43 | 35,160.97 |
| Amount in Rs. Crore | |||
(Amount in Rs. Crore)
Revenue rose 2% YoY, while PAT surged 128%, demonstrating strong operational performance and improving profitability.
Company Contact Information
Adani Enterprises Limited
Adani Corporate House,
Shantigram, Near Vaishno Devi Circle,
S.G. Highway, Khodiyar, Ahmedabad – 382421
Phone: +91 79 2555 5441
Email: investor.ael@adani.com
Website: https://www.adanienterprises.com/
Registrar to the Rights Issue
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: adanienterprise.rights2025@in.mpms.mufg.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
Lead Manager of the Rights Issue
(To be announced)
Adani Enterprises Limited – Rights Issue Review
(By Paresh Gordhandas, CA & Research Analyst)
Adani Enterprises, the flagship incubator of the Adani Group, continues to play a pivotal role in India’s infrastructure and green energy growth. The upcoming Rs. 24,930 crore Rights Issue at Rs. 1,800 per share (a discount of about 28% to the current market price of Rs. 2,516.80) is one of the largest corporate fundraising initiatives of FY25.
The proceeds will help reduce debt, strengthen the Group’s balance sheet, and fund expansion in airports, green hydrogen, and digital ventures. With PAT growth of 140% YoY and rising EBITDA, the company has demonstrated financial strength despite volatile global conditions.
Chanakya View:
Given the strategic importance, attractive pricing, and solid growth trajectory, existing shareholders should subscribe. This issue reinforces the Adani Group’s long-term vision of sustainable value creation while maintaining financial prudence.
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