More Stories

Informist, Tuesday, Nov. 11, 2025

 

--Adani Ent: To raise funds via rights issue of 138.50 mln shrs 

--Adani Ent: To raise funds via rights issue at INR 1,800 per share 

 

MUMBAI – Adani Enterprises Ltd.'s board on Tuesday approved the company's largest ever fundraising of up to INR 249.30 billion through a rights issue at INR 1,800 per share. These shares will be offered on a rights basis to equity shareholders in the ratio of 3 rights equity shares for every 25 fully paid-up equity shares held on Nov. 17, the record date, the company said in an exchange filing. 

 

The company's board had approved raising partly paid-up rights issue of INR 250 billion to strengthen its balance sheet further to support the next phase of incubation, it had said last week.

 

As of Sept. 30, shareholder's loan in Adani Enterprises' books stood at INR 229.67 billion. The company's Chief Financial Officer Robbie Singh had said that these loans are intended for growth and holders will not seek to recover the amount. 

 

"They are comfortable to participate in the right issue and the effective nature of that will be that the loan that the shareholders have provided will become equity, and consequently, the excess rights exercised by non-promoter shareholders, that will be the growth capital that will be used primarily for the airports business, and some of it for the roads and Adani new industries business," Singh told analysts during the analyst concall for the September quarter last week. 

 

"So the use of proceeds will be that you will see a very significant change in the gross debt number post this, giving us significantly a higher capacity to grow and grow faster," Singh said. The company's gross debt as of Sept. 30 was INR 920.65 billion, up from INR 762.36 billion as of Mar. 31. Adani Enterprises' net external debt swelled to INR 600.70 billion as of Sept. 30 from INR 493.06 billion as of Mar. 31.

 

"It funds the airport requirements over the next 12 months, and also certain other smaller requirements in roads etc., in line with our capital management plan," Singh said.

 

This is the first major fund-raising by the company since February 2023 when the company had called off its INR 200 billion follow on public offer. Back then, the Adani Group was facing allegations of stock manipulation and accounting fraud by US-based short-seller Hindenburg Research. 

 

For the quarter ended September, Adani Enterprises reported a consolidated net profit of INR 31.99 billion on a revenue of INR 212.49 billion. Tuesday, shares of the company closed 0.2% lower at INR 2,366.80 on the National Stock Exchange.   End

 

Reported by Anand JC

Edited by Akul Nishant Akhoury

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.