Adani launches ₹25,000cr rights issue to fund infrastructure projects
25 Nov 2025

Adani Enterprises, the flagship company of billionaire Gautam Adani's conglomerate, has launched a massive ₹24,930 crore rights issue on the Indian stock market.

The move is likely to value the firm at nearly ₹2 trillion based on an issue price of ₹1,800 per share. This marks a discount of around 24% for shareholders.

The funds raised through this rights issue will be used for various infrastructure projects such as airports and data centers.

Funds to be used for diverse projects
Allocation

The proceeds from the rights issue will also be allocated to green hydrogen, roads, PVC and copper smelting capacities.

Other areas of investment include metals, mining as well as digital and media ventures.

The company has set November 17 as the record date for determining eligible shareholders.

The issue period will run from November 25 to December 10 this year.

Shareholders' entitlement and payment structure
Details

Under this rights issue, shareholders are entitled to three rights shares for every 25 fully paid shares held.

The issue price is ₹1,800 per share (₹1 face value; ₹1,799 premium). The total size of the issue is ₹24,930 crore (on full subscription) with 13.85 crore shares on offer.

These are partly paid-up shares with a payment structure of ₹900 on application and two calls of ₹450 each at later dates.

Adani Enterprises's share price and market performance
Market reaction

After Tuesday's stock market session, Adani Enterprises's share price closed nearly 3% lower at ₹2,333.70 from the previous day's closing of ₹2,398.75 on BSE data.

The rights issue comes as a major move for the company as it looks to raise funds for its ambitious infrastructure projects and other ventures across different sectors.