Shares of Adani Enterprises surged over 6% to an intraday high of ₹2,517 on Wednesday, marking their biggest single-day gain since May 12, after the company announced a ₹24,930-crore rights issue.

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Largest Fundraising Since 2023 FPO Withdrawal Rights Issue Details Share Entitlement and Structure

Largest Fundraising Since 2023 FPO Withdrawal

The proposed rights issue marks Adani Enterprises’ largest fundraising effort since its scrapped ₹20,000-crore follow-on public offering (FPO) in 2023. The new rights issue aims to strengthen the company’s capital base and expand funding access for its diversified projects.

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Rights Issue Details

Adani Enterprises has set the rights issue price at ₹1,800 per share, offering a 24% discount to Tuesday’s closing price.
The issue will open for subscription on November 25 and close on December 10.

Shareholders will pay ₹900 per share upfront, followed by two additional calls of ₹450 each —

The first call is between January 12 and January 27, 2026, and
The final call is between March 2 and March 16, 2026.

The company also reserves the right to adjust the payment schedule if needed.

Under the approved plan, the rights issue will comprise 13.85 crore partly paid-up equity shares, each carrying a premium of ₹1,799 over the face value.
Eligible shareholders will receive three rights shares for every 25 fully paid-up shares held as of the record date, November 17.

Market Reaction and Context

This move comes as Adani Enterprises seeks to regain investor confidence after the group faced intense scrutiny last year. Following the announcement, the company’s shares have narrowed their year-to-date losses to about 2%.

The announcement has also boosted sentiment across Adani Group stocks, signaling renewed optimism in the conglomerate’s financial resilience.

Adani Enterprises’ ₹24,930-crore rights issue marks a major comeback, showing strong intent to rebuild momentum and reinforce investor trust after last year’s FPO setback.
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ByRuchika Dave

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Ruchika Dave is an experienced Intraday Trader and Stock Market Analyst with a strong focus on IPOs, business news, and the Indian economy. As a Marketing Head by profession, she combines strategic expertise with deep market knowledge to deliver accurate and insightful financial analysis trusted by readers and investors alike.