Adani Enterprises’ Rs 25,000-Crore Rights Issue Closes 108% Subscribed
The raise follows SEBI clearances, signaling renewed investor appetite after the Hindenburg allegations.
Overview
- The offer drew bids for 14.95 crore shares against 13.85 crore on offer, according to BSE data.
- Promoters subscribed fully to their entitlement, while the public tranche was about 30% oversubscribed with 4.7 crore bids for 3.6 crore shares.
- Rights were priced at Rs 1,800 per share with an entitlement of three shares for every 25 held by eligible shareholders.
- Investors pay Rs 900 on application followed by two calls of Rs 450 each due Jan 12–27 and Mar 2–16, 2026.
- Proceeds will fund debt reduction and capital expenditure, including repayment of shareholder loans, as gross debt stood at Rs 92,065 crore in September; the stock slipped about 1.4%–1.66% on the day.