Adani Enterprises has conducted 2 major rights issues, first in 2010 and later in 2025. Both issues were designed to support expansion and strengthen the balance sheet, reflecting the company’s evolving capital requirements.
The company’s rights issue journey began in 2010, during a phase of expansion in coal mining and power projects. The second and significantly larger rights issue in 2025 adopts a partly paid structure aimed at supporting infrastructure platforms and reducing debt. Together, these issues showcase the company’s periodic use of rights offerings to mobilise capital.
The 2010 rights issue opened on March 31, 2010, and closed on April 15, 2010. Shareholders were offered 1 right share for every 16 held, a 1:16 entitlement ratio. The issue price was ₹475 per share, comprising face value ₹1 and premium ₹474. The company sought approximately ₹1,479 crore to fund loan repayment and coal mining activities linked to upcoming power capacity.
Read More: Adani Enterprises Rights Issue Ratio Set for 3:25: Funds to be Used for Repayment of Borrowings!
In November 2025, Adani Enterprises launched a large partly paid rights issue targeting nearly ₹24,930.30 crore. Eligibility was based on a record date of November 17, 2025, with the issue window running from November 25, 2025, to December 10, 2025. On-market renunciation is permitted until December 5, 2025. The entitlement ratio is 3:25, offering 3 rights shares for every 25 fully paid shares held.
The issue price is ₹1,800 per share, split into face value ₹1 and premium ₹1,799, representing a discount in the low-20s %. The partly paid structure requires ₹900 at application, followed by 2 call payments of ₹450 each. The company may issue up to 13,85,01,687 rights share on full subscription.
Funds from the 2025 issue are aimed at airports, data centres, green hydrogen, roads, PVC and copper operations, metals and mining, plus digital and media initiatives. A portion is allocated to debt reduction. Promoter holding near 74% as of September 2025 underscores expected promoter participation, with institutional investors also playing a key role.
As of November 28, 2025, at 3:30 PM, Adani Enterprises share price on NSE was ₹2,280.20 up by 1.12% from the previous closing price.
The 2010 and 2025 rights issues illustrate Adani Enterprises’ approach to funding expansion and strengthening its financial framework. Each issue aligns with the company's evolving infrastructure and growth priorities.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Nov 29, 2025, 10:29 AM IST
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