Adani Enterprises Rights Issue: 3-For-25 Offer Set At Rs 1,800; Here’s What It Means For Investors

Adani Enterprises Limited has announced the outcome of its Rights Issue Committee meeting held on November 11, 2025. The company approved 13,85,01,687 rights issue shares with a face value of Rs 1 each, aggregating up to Rs 24,930.30 crore (assuming full subscription and payment of call monies).

The payment structure will be divided into three parts - Rs 900 per share (Rs 0.50 face value and Rs 899.50 premium) on application, followed by two additional calls of Rs 450 each (Rs 0.25 face value and Rs 449.75 premium), scheduled between January 12-27, 2026, and March 2-16, 2026, respectively.

November 18, 2025 is the deadline for crediting rights entitlements; November 25, 2025 is the opening date; December 5, 2025 is the deadline for on-market renunciation; and December 10, 2025 is the closure date, with a potential 30-day extension.

The company will issue partly paid-up equity shares of face value Rs 1 each at a total price of Rs 1,800 per share, comprising Rs 1 face value and Rs 1,799 premium.

Eligible shareholders will receive 3 rights equity shares for every 25 fully paid-up shares held as of the record date, which is set for November 17, 2025.

The total number of equity shares will rise from 1,15,41,80,729 to 1,29,26,82,416 shares after the rights issue. The company has received in-principle approvals from both BSE and NSE for the issue.

Other terms of the rights issue, including fractional entitlements, are to be included in the Letter of Offer to be filed by Adani Enterprises.

Adani Enterprises Q2 Result Highlights

The core company of the Adani Group, Adani Enterprises Ltd (AEL), released its results for the quarter and a half that ended on September 30, 2025. For the second quarter of the current fiscal year (Q2 FY26), Adani Enterprises reported a consolidated net profit of Rs 3,199 crore, a rise of 84% over the Rs 1,742 crore recorded during the same period in the previous year. However, revenue from operations fell 6% to Rs 21,249 crore in the July-September quarter compared to Rs 22,608 crore in the year-ago quarter.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) dropped 18.2% to Rs 3,358 crore in Q2FY26 from Rs 4,106 crore in Q2FY25. Whereas its EBITDA margin plummeted from 18.16% in Q2 FY25 to 15.8% in the quarter under review.

Adani Enterprises Target Price

"The stock is attempting to base near ₹2450 after recent weakness. Sustaining above this zone may invite a recovery towards ₹2550-₹2580. A breakdown below ₹2450 could open downside to ₹2380. RSI shows early signs of reversal; traders can accumulate on dips with a strict stop loss," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

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