Adani Enterprises shares details of its Rs 25,000-crore rights issue

The company will issue over 13.85 crore rights equity shares each for an aggregate amount of Rs 24,930.30 crore

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26 Aug, 2025 12:21

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Adani Enterprises Ltd’s board has approved a rights issue of not more than Rs 25,000 crore via partly paid-up equity shares of Re 1 each, a company said in an exchange filing on November 11.

The company will issue over 13.85 crore rights equity shares each for an aggregate amount of Rs 24,930.30 crore, the filing said. The Adani group firm has set the rights issue price at Rs 1,800 per share, a discount of 24 percent to current market price, and record date has been set as November 17.

The flagship company of Adani Group had reported an 84 percent jump in profit in the September quarter, mainly because of a one-time exceptional income, without which the core earnings dipped on weakness in its mainstay coal trading division, the firm had reported on November 4.

Consolidated net profit of Rs 3,199 crore in July-September -- the second quarter of the 2025-26 financial year -- compared with Rs 1,742 crore earnings in the same period a year back, according to a company statement.

The profit was boosted by a one-time gain of Rs 3,583 crore arising from the sale of its 13.51 percent stake in AWL Agri Business Ltd (formerly known as Adani Wilmar Ltd).

Without this one-time gain, the adjusted profit fell 66.2 percent to Rs 814.35 crore in Q2 from Rs 2,408.89 crore a year ago.

The company board had approved raising Rs 25,000 crore through a rights issue from existing shareholders to fund its massive expansion drive across its infrastructure portfolio that includes airports and clean energy projects.

This is the company's biggest fundraising following cancellation of a fully subscribed Rs 20,000 crore follow-on public offering (FPO) in the aftermath of release of a damning report by US short seller Hindenburg Research in 2023.