Key Takeaways
- Adani Enterprises launches ₹25,000 crore rights issue to fund expansion
- Shareholders get 3 rights shares for every 25 shares held
- Funds allocated for airports, roads, and new energy projects
Adani Enterprises has announced a massive ₹25,000 crore rights issue to strengthen its balance sheet and finance major expansion across its airport, road, and new energy businesses. The company’s Rights Issue Committee finalized the terms on November 11, 2025.
Rights Issue Details
The issue comprises 13,85,01,687 partly paid-up equity shares of Re 1 each, totaling ₹24,930.30 crore at full subscription. The issue price is fixed at ₹1,800 per share, including a premium of ₹1,799 per share.
The record date for determining eligible shareholders is November 17, 2025. Eligible shareholders will receive three rights equity shares for every 25 fully paid-up shares held.
Important Dates and Payment Schedule
Rights entitlements will be credited by November 18, 2025, with the issue opening on November 25, 2025. Investors can trade their rights entitlements until December 5, 2025, and the issue closes on December 10, 2025.
Payments will be made in three instalments: ₹900 at application, ₹450 in January 2026, and the final ₹450 in March 2026. The company’s board may revise this schedule if required under applicable laws.
Major Expansion Plans
Adani Enterprises is entering a significant investment phase with planned capital expenditure of approximately ₹36,000 crore in FY26, up from ₹16,300 crore in the first half of the year. The allocation includes:
- ₹10,500 crore for airports
- ₹6,000 crore for roads
- ₹9,000 crore for petrochemicals and materials
- ₹3,500 crore for metals and mining
- ₹5,500 crore for Adani New Industries
The Navi Mumbai Airport is scheduled for commercial opening this quarter, with Phase 2 expansion already underway. City-side developments at Navi Mumbai and Mumbai airports worth ₹20,000 crore are set to begin next year.
