Adani Enterprises’ ₹24,930 Crore Rights Issue 90% Subscribed Ahead of Close

Updated on: 9 Dec 2025, 11:35 pm IST

AEL’s ₹24,930 crore rights issue hits 90% subscription before closing; funds will mainly be used to repay debt. Shares are priced at ₹1,800 with staggered payment.

Adani Enterprises (NSE: ADANIENT) ₹24,930 crore rights issue has reached about 90% subscription a day before closing. By 4:50 pm, investors applied for 124.5 million shares against the total 138.5 million on offer. Shares are being issued at ₹1,800 each.

Payment Plan For Shareholders

The company is issuing partly paid-up shares. Investors will pay ₹900 at the time of application, followed by ₹450 each in January and March 2026. This makes the investment easier by splitting payments.

Use Of Funds And Debt Position

AEL plans to use a major portion of the funds to repay or prepay its loans. The company’s total debt increased to ₹1.1 trillion by September 2025 from ₹80,400 crore a year earlier, showing a sharp rise in borrowing.

Share Price And Major Investors

The company’s stock last closed at ₹2,250, up 1.5%. Big public investors include LIC, GQG Partners, and Green Enterprises. Around 75% of the rights issue funds will be contributed by the promoter group, which holds 73.97% in AEL.

Adani Enterprises Financial Performance

In the first half of FY26, Adani Enterprises reported ₹43,210 crore in net sales and ₹4,292 crore in net profit, a 21% increase from the same period last year, reflecting strong growth.

Past FPO Withdrawal

In 2023, AEL withdrew its fully subscribed ₹20,000 crore FPO after its share price dropped due to allegations made by US short-seller Hindenburg Research. The company avoided proceeding amid market volatility.

Conclusion

The strong response to the rights issue highlights investors' confidence in the company. With most funds directed toward debt reduction, AEL aims to strengthen its financial position. The issue is likely to close successfully given the current subscription level.

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Published on: Dec 9, 2025, 6:05 PM IST