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Shares of Adani Enterprises surged over 6% to an intraday high of Rs 2,517 on Wednesday — their biggest single-day gain since May 12
Adani
Adani Enterprises Rights Issue: Shares of Adani Enterprises surged over 6% to an intraday high of Rs 2,517 on Wednesday — their biggest single-day gain since May 12 — after the company announced a Rs 24,930-crore rights issue, its largest fundraise since the scrapped FPO in 2023.
The rights issue is priced at Rs 1,800 per share, a 24% discount to Tuesday’s closing price. It will open for subscription on November 25 and close on December 10.
Adani Enterprises, the flagship of the Adani Group, will raise Rs 24,930.30 crore through a rights issue of over 13.85 crore equity shares. The issue price has been set at Rs 1,800 per share, reflecting a 24% discount to Tuesday’s closing price.
The record date for the rights issue is Monday, November 17, 2025. Eligible shareholders will receive three rights equity shares for every 25 fully paid-up shares held as of the record date.
The credit of Rights Entitlements (REs) will take place on November 18, 2025. The issue will open on November 25, 2025, and investors can trade or renounce their REs on the market until December 5, 2025. The issue will close on December 10, 2025, marking the final day for subscription.
Adani Enterprises Rights Issue Payment Schedule
Investors will pay Rs 1,800 per Rights Equity Share, including a face value of Rs 1 and a premium of Rs 1,799, in three phases:
- At application: Rs 900 per share (Rs 0.50 face value + Rs 899.50 premium)
- First call: Rs 450 per share (Rs 0.25 face value + Rs 449.75 premium), due between January 12–27, 2026
- Final call: Rs 450 per share (Rs 0.25 face value + Rs 449.75 premium), due between March 2–16, 2026
Post-issue, the company’s outstanding equity shares will rise from 1,15,41,80,729 to 1,29,26,82,416.
This marks Adani Enterprises’ biggest capital-raising move since it withdrew a fully subscribed Rs 20,000-crore FPO in 2023, following allegations by US-based short-seller Hindenburg Research.
If fully subscribed, the issue will lift the company’s outstanding shares to 129.26 crore from 115.42 crore. Following the day’s rally, Adani Enterprises has nearly erased its year-to-date losses, now down roughly 2% for 2025.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
November 12, 2025, 13:03 IST
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