Adani Enterprises Rights Issue: First Call Details, Record Date and Payment Window for 2026

Adani Enterprises Limited has informed stock exchanges that investors in its partly paid-up rights shares must prepare for the first call money. The Rights Issue Committee has fixed 23 December 2025 as the record date. Holders on this date will be liable to pay the next instalment towards the rights equity share issue.

According to the announced schedule, the payment window for the first call amount is expected between 12 January 2026 and 27 January 2026. This timeframe follows the payment structure outlined earlier in the Letter of Offer dated 12 November 2025, which governs the ongoing rights issue of Adani Enterprises.

Shareholders named on the 23 December 2025 record date will receive a first call notice demanding Rs 450 per rights equity share. This instalment consists of Rs 0.25 towards face value and Rs 449.75 as share premium. The first call represents 25% of the total issue price of Rs 1,800 per rights equity share.

Each rights equity share had already attracted Rs 900 at the application stage, which included a share premium component of Rs 899.50. Under the Letter of Offer, the balance of the issue price is scheduled to be collected through two separate calls. The upcoming first call is the initial part of this remaining amount.

Earlier, on 11 December 2025, Adani Enterprises disclosed that its Rights Issue Committee had approved the allotment of 13,85,01,687 partly paid-up equity shares. These shares carry a face value of Rs 1 each and were issued on a rights basis to eligible shareholders and renouncees, following discussions with the National Stock Exchange of India.

This allotment follows the rights issue framework cleared by the Board of Adani Enterprises at its meetings on 4 November 2025 and 11 November 2025. The issue terms are consistent with the Letter of Offer dated 12 November 2025, which set out eligibility, pricing structure and payment tranches for participating investors.

After the rights allocation, the company’s share capital structure has changed. The paid-up equity capital now includes 13,85,01,687 equity shares with Rs 0.50 paid-up per share and 1,15,41,80,729 fully paid-up equity shares of Rs 1 each. The overall rights issue size stands at about Rs 24,930.30 crore.

Parameter	Details
Total partly paid-up rights shares allotted	13,85,01,687 shares
Face value per rights share	Rs 1
Total issue price per rights share	Rs 1,800
Amount paid on application	Rs 900 (including Rs 899.50 premium)
First call amount	Rs 450 (Rs 0.25 face value + Rs 449.75 premium)
Record date for first call	23 December 2025
First call payment window	12 January 2026 to 27 January 2026
Rights issue size	Approx. Rs 24,930.30 crore

Adani Enterprises target price and technical view on the stock

Alongside capital-raising developments, market participants are also tracking the share price behaviour of Adani Enterprises. Technical analyst comments suggest the stock is maintaining support on key moving averages, which are watched closely by traders and institutional investors when assessing short-term momentum.

"Adani Enterprises is trading in a positive trend, holding above its key short- and medium-term moving averages. Immediate support is placed near ₹2,150, while resistance is seen around ₹2,300. A sustained move above resistance can trigger fresh upside. Hold at CMP with SL ₹2,150 and target ₹2,400," commented technical analyst Riyank Arora of Mehta Equities.

Adani Enterprises Rights Issue information and investor risk disclaimer

Investors following the Adani Enterprises rights issue and target price views are reminded that such opinions are individual assessments. The rights issue process, including call schedules and capital structure changes, is governed by formal documents such as the Letter of Offer and regulatory filings with the National Stock Exchange of India and other stock exchanges.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred to as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.

The latest announcements show Adani Enterprises progressing with the structured collection of its rights issue proceeds through scheduled calls. Investors captured on the 23 December 2025 record date must plan for the first call window in January 2026. Market views on support, resistance and target price sit alongside these corporate actions but remain subject to individual risk assessment.