Masterstroke by Gautam Adani, brings country’s largest rights issue, share to be available at a discount of Rs…, company says…

It is important to note that the price for the rights share has been fixed at Rs 1,800 per share, which is 25 percent lower than the stock’s closing price on that day.

New Delhi: In a major development, the Rs 25,000-crore rights offer of Adani Group‘s flagship company, Adani Enterprises—India’s third-largest industrial conglomerate—will open on November 25 and close on December 10. The company’s board had approved this rights offer on November 11. It is important to note that the price for the rights share has been fixed at Rs 1,800 per share, which is 25 percent lower than the stock’s closing price on that day.

Here are some of the important details:

• On Friday, the company’s stock closed 1.29 percent higher at Rs 2,516.85.
• The company stated that shareholders will not have to pay the entire amount—₹1,800 per share—at once.
• The company can pay in three installments.
• At the time of application, shareholders must pay Rs 900.
• The remaining two installments, referred to in market terms as the “first call” and “second call,” will require payments of Rs 450 each.
• The first call period is expected to be from January 12 to January 27, 2026.

What is a rights issue?

As per the reports, the Adani Enterprises has planned a capex of Rs 36,000 crore for financial year 2026. Out of this, Rs 16,300 crore has been spent in the first half. This includes Rs 10,500 crore on the airport business, Rs 6,000 crore on roads, Rs 9,000 crore on petrochemicals and materials, Rs 3,500 crore on metals and mining, and Rs 5,500 crore on Adani New Industries.