Overview
- Eligible shareholders on the November 17 record date can buy three rights shares for every 25 held, with entitlements credited on November 18.
- Applications open November 25 and close December 10, with rights entitlements tradable through December 5.
- Payments are staggered across three calls: Rs 900 at application, Rs 450 in January 2026 and Rs 450 in March 2026, subject to possible board timing revisions.
- Proceeds support an FY26 capex plan of about Rs 36,000 crore, including roughly Rs 10,500 crore for airports, Rs 6,000 crore for roads, Rs 9,000 crore for petrochemicals and materials, Rs 3,500 crore for metals and mining, and Rs 5,500 crore for Adani New Industries.
- Context for the raise includes Q2 FY26 results showing net profit up 84% on a one-time gain, weaker core profitability, revenue down 6% and reported gross debt of Rs 92,065 crore; exchange approvals were received on November 7.