Mumbai, Nov 25 (NationPress) Regarded as one of the largest rights offerings in India, Adani Enterprises Ltd (AEL) commenced subscriptions for its Rs 24,930 crore rights issue on Tuesday. The issue is priced at Rs 1,800 per share, representing a discount of approximately 24 percent, and is accessible to all eligible shareholders.

The promoters, who currently hold about 74 percent of the company, are also set to participate in this offering. With the issue price, Adani Enterprises will be valued at nearly Rs 2 lakh crore. The rights issue is scheduled to conclude on December 10.

This flagship entity of the Adani Group, which manages India’s largest network of airports, has seen analysts estimate the valuation of its airport business at around Rs 2–2.5 lakh crore, with some projections reaching up to Rs 3 lakh crore.

The funds raised from this rights issue will be allocated towards next-generation infrastructure projects, encompassing airports, data centres, green hydrogen, roads, PVC and copper smelting capacities, as well as ventures in metals, mining, digital and media sectors, alongside addressing some of the company’s debt.

Earlier this month, the board approved the issuance of 13.85 crore partly paid-up equity shares to existing shareholders, with the aim of fortifying its capital structure.

The company intends to issue 13,85,01,687 new shares, which could increase its outstanding equity shares by 12 percent to 1,29,26,82,416. AEL stated that the Rights Equity Shares are available on a rights basis to Eligible Equity Shareholders in the ratio of 3 Rights Equity Shares for every 25 fully paid-up Equity Shares held on the record date.

This rights issue is designed to strengthen its balance sheet further to support the next phase of incubation as its core infrastructure businesses expand and contribute increasingly to earnings.

In the meantime, the Adani Portfolio has demonstrated exceptional financial performance in the first half of this fiscal year (H1 FY26), achieving a notable capital expenditure of Rs 67,870 crore (approximately $7.6 billion) with EBITDA soaring to an unprecedented Rs 47,375 crore (around $5.3 billion).