Adani Enterprises’ ₹24,930 Crore Rights Issue 90% Subscribed Ahead of Close

Adani Enterprises (NSE: ADANIENT) ₹24,930 crore rights issue has reached about 90% subscription a day before closing. By 4:50 pm, investors applied for 124.5 million shares against the total 138.5 million on offer. Shares are being issued at ₹1,800 each. 

Payment Plan For Shareholders 

The company is issuing partly paid-up shares. Investors will pay ₹900 at the time of application, followed by ₹450 each in January and March 2026. This makes the investment easier by splitting payments. 

Use Of Funds And Debt Position 

AEL plans to use a major portion of the funds to repay or prepay its loans. The company’s total debt increased to ₹1.1 trillion by September 2025 from ₹80,400 crore a year earlier, showing a sharp rise in borrowing.

Share Price And Major Investors 

The company’s stock last closed at ₹2,250, up 1.5%. Big public investors include LIC, GQG Partners, and Green Enterprises. Around 75% of the rights issue funds will be contributed by the promoter group, which holds 73.97% in AEL. 

Adani Enterprises Financial Performance 

In the first half of FY26, Adani Enterprises reported ₹43,210 crore in net sales and ₹4,292 crore in net profit, a 21% increase from the same period last year, reflecting strong growth. 

Read more: Steamhouse India Files Updated Papers for ₹425 Crore IPO.

Past FPO Withdrawal 

In 2023, AEL withdrew its fully subscribed ₹20,000 crore FPO after its share price dropped due to allegations made by US short-seller Hindenburg Research. The company avoided proceeding amid market volatility. 

Conclusion 

The strong response to the rights issue highlights investors' confidence in the company. With most funds directed toward debt reduction, AEL aims to strengthen its financial position. The issue is likely to close successfully given the current subscription level. 

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