What Did Adani Enterprises’ Board Decide Regarding the Rights Issue?
Click to start listening
Synopsis
In a significant move to enhance growth, Adani Enterprises' board has approved a rights issue to raise Rs 24,930 crore at a discounted rate. This initiative demonstrates the company's commitment to strengthening its capital structure and supporting its expanding infrastructure operations.
Key Takeaways
- Adani Enterprises is raising Rs 24,930 crore through a rights issue.
- The rights issue price is set at Rs 1,800 per share, a 24% discount.
- 13.85 crore new shares will be issued to existing shareholders.
- The record date for eligibility is November 17.
- AEL reported an 84% increase in Q2 net profit.
Ahmedabad, Nov 11 (NationPress) The board of Adani Enterprises Limited (AEL) has recently sanctioned a partly paid-up rights issue aimed at generating Rs 24,930 crore at a share price of Rs 1,800 per rights equity share, which is a 24 percent discount from the market price. This strategic move is intended to enhance the company's forthcoming growth phase.
In this initiative, the board has approved the release of 13.85 crore partly paid-up equity shares for existing shareholders, which is part of the company's goal to fortify its capital structure.
The rights issue price, fixed at Rs 1,800 per share, represents a 24 percent discount on Adani Enterprises' closing price of Rs 2,370.2 on Tuesday.
The record date for identifying eligible shareholders is set for November 17, as stated in an exchange filing by the flagship company of the Adani Group.
AEL plans to issue 13,85,01,687 new shares, which could potentially elevate its total outstanding equity shares by 12 percent to 1,29,26,82,416.
According to AEL, the rights issue is aimed at strengthening its balance sheet to support the next phase of incubation as its core infrastructure operations expand and increasingly contribute to earnings.
During the July-September quarter and the first half of the current fiscal (FY26), AEL reported remarkable results with an 84 percent rise in Q2 net profit, amounting to Rs 3,199 crore.
The consolidated EBITDA for the first half of FY26 was recorded at Rs 7,688 crore, while the consolidated profit before tax (PBT) reached Rs 2,281 crore, as noted in an exchange filing.
The emerging core infrastructure businesses achieved a half-yearly EBITDA of Rs 5,470 crore, marking a 5 percent year-on-year increase and now account for 71 percent of total EBITDA, according to the company.
Point of View
The approval of the rights issue by Adani Enterprises reflects a strategic approach to capital management. This move not only aims to strengthen the company's financial position but also indicates a commitment to sustainable growth. As AEL continues to scale its infrastructure operations, it is essential for stakeholders to remain informed and engaged with these developments.
NationPress
13/11/2025
Frequently Asked Questions
What is the purpose of the rights issue by Adani Enterprises?
The rights issue aims to raise Rs 24,930 crore to strengthen the company's capital structure and support its next phase of growth, particularly in the core infrastructure sector.
What is the discount offered on the rights shares?
The rights shares are being offered at a price of Rs 1,800, which represents a 24% discount to the market price.
When is the record date for eligible shareholders?
The record date for determining eligible shareholders is set for November 17.
How many shares will be issued in this rights issue?
A total of 13,85,01,687 new shares will be issued, potentially increasing the outstanding equity shares by 12%.
What recent financial performance has Adani Enterprises reported?
AEL reported an 84% increase in Q2 net profit, amounting to Rs 3,199 crore during the July-September quarter.
