Home / Business and Economy / Adani Enterprises Rights Issue Nears End
Adani Enterprises Rights Issue Nears End
10 Dec
Summary
- Adani Enterprises rights issue aims to raise nearly ₹25,000 crore.
- Issue is 91% subscribed as of Tuesday evening.
- Shareholders get three rights shares for every 25 owned.
Adani Enterprises Ltd., the flagship company of the Adani Group, is nearing the conclusion of its substantial ₹25,000 crore rights issue. Subscription for this capital-raising effort officially closes on Wednesday, December 10th. The initiative, which commenced on November 25th, has seen significant uptake, reaching 91% subscription by Tuesday evening.
The partly paid-up equity shares are being offered at a price of ₹1,800 each. This price point represents a notable discount compared to the prevailing market rate, making it an attractive proposition for eligible shareholders. The entitlement ratio allows shareholders to receive three rights shares for every 25 Adani Enterprises shares they possess.
Shareholders who held Adani Enterprises stock in their demat accounts prior to November 14th qualified to participate. The allotment of these rights shares is scheduled for December 11th, with subsequent crediting to shareholder accounts expected by December 12th, 2025. This move underscores Adani Enterprises' strategy to bolster its financial resources through a significant equity offering.
