Adani Enterprises ₹24,930 Crore Rights Issue: Record Date, Price, Schedule & Key Details

Adani Enterprises Limited has announced a ₹24,930 crore rights issue, giving its existing shareholders the option to buy additional shares at a fixed price of ₹1,800 per share. The offer comes at a discount to the current market price of around ₹2,480 per share, making it an opportunity for existing investors to subscribe at a lower valuation. 

Following the announcement, Adani Enterprises share price rose by about 5% in today’s trading session. Let’s understand the details of this issue and what it could mean for investors.

What the Rights Issue Involves

Under this offer, Adani Enterprises will issue 13.85 crore partly paid-up equity shares at a price of ₹1,800 per share, including a ₹1,799 premium and ₹1 face value. The total issue size stands at ₹24,930.30 crore, assuming full subscription.

Existing shareholders will get 3 rights shares for every 25 fully paid-up shares they hold as of the record date, November 17, 2025.

Once the issue is completed, the company’s total equity shares will increase from 1,154.18 crore to 1,292.68 crore.

Adani Enterprises Rights Issue Payment Schedule

Investors don’t need to pay the full ₹1,800 per share upfront. The company has divided the payment into three stages so that shareholders can pay in parts over a few months. Here’s how it works:

• First Payment (on application): Investors will pay ₹900 per share when they apply for the rights issue. This is the initial amount required to receive the shares.
• Second Payment (first call): The next installment of ₹450 per share will be due between January 12 and January 27, 2026. The company will notify investors before the call opens.
• Final Payment (second and final call): The last installment of ₹450 per share will be payable between March 2 and March 16, 2026. Once this is paid, the shares become fully paid-up and tradeable like regular equity shares.

Key Issue Dates

Here are the important dates investors should know for Adani Enterprises’ rights issue, along with what each step means:

• Credit of Rights Entitlements (November 18, 2025): Eligible shareholders will receive Rights Entitlements (REs) in their demat accounts. These REs show how many rights shares they are eligible to apply for.
• Issue Opens (November 25, 2025): This is the date when investors can start applying for the rights shares by paying the first installment (₹900 per share).
• Last Date for On-Market Renunciation  (December 5, 2025): If an investor doesn’t wish to subscribe, they can sell or transfer their REs to another buyer through the stock exchange up to this date.
• Issue Closes (December 10, 2025): This is the final day to apply for the rights issue. After this date, applications will not be accepted.

Key Takeaways for Investors

• Issue Price: ₹1,800 per share, with a ₹1,799 premium over face value of ₹1
• Entitlement Ratio: 3 rights shares for every 25 fully paid-up shares held on November 17, 2025.
• Size: ₹24,930 crore, one of the largest rights issues announced by an Indian company this year.
• Phased Payment: Spread across three tranches between November 2025 and March 2026.
• Market Reaction: Shares of Adani Enterprises rose nearly 5% after the announcement, reflecting investor confidence in the move.

Disclaimer

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