Adani Enterprises shares have risen 6% this week amid the announcement of report date, subject worth and different particulars associated to its mega ₹25,000-crore rights subject. This marks one of many largest fundraising efforts by the ports-to-power conglomerate led by billionaire Gautam Adani following the cancellation of its totally subscribed ₹20,000 crore follow-on public providing (FPO) in 2023.
Adani Enterprises board had permitted the rights subject at its board assembly on November. 4 Additional particulars associated to the mega fundraise have been finalised by the board on November 11.
Adani Enterprises Rights Challenge Particulars
With the rights subject report date subsequent week, here is a take a look at the important thing particulars:
The Adani group firm stated it could subject a complete of 13,85,01,687 rights fairness shares every for an quantity aggregating to ₹24,930.30 crore. These shares can be partly paid-up, having a face worth of ₹1 every.
The rights subject worth has been mounted at ₹1,800, a reduction of 24% to Tuesday’s closing worth and a 28% low cost to the final closing worth of ₹2516.85 on the BSE.
In the meantime, Adani Enterprises has mounted Monday, November 17, because the report date to find out shareholders eligible to take part within the rights subject. Which means that traders wanted to purchase shares of Adani Enterprises on or earlier than Friday, November 14, because the Indian inventory market follows a T+1 settlement mechanism.
The rights fairness shares are being supplied on a rights foundation to eligible fairness shareholders within the ratio of three:25. This implies an investor is entitled to 3 rights shares for each 25 totally paid-up shares of Adani Enterprises held on the report date.
Adani Rights Challenge: Key Dates
Listed here are the important thing dates for Adani Enterprises’ rights subject that traders ought to preserve monitor of:
November 18: Credit score of Rights Entitlements
Eligible shareholders can have their Rights Entitlements (REs) credited to their demat accounts. These REs symbolize the variety of rights shares they’re entitled to use for beneath the difficulty.
November 25 to December 10: Challenge open date
Buyers can apply for the rights subject between these dates by paying the appliance worth of ₹900.
December 5: Final day for market renunciation
If an investor chooses to not subscribe, they could promote or switch their REs to a different purchaser on the inventory change till this date.
December 11: Finalization of foundation of allotment
The corporate will decide what number of rights shares every applicant is allotted.
December 11: Date of allotment
Rights shares can be formally allotted to eligible candidates on this date.
December 12: Credit score of rights fairness shares
Allotted partly paid rights shares can be credited to traders’ demat accounts on December 12.
December 16: Itemizing date
The partly paid rights shares will start buying and selling on the inventory exchanges on December 16.
Partly Paid-Up Shares Cost Schedule
Since Adani Enterprises will subject the shares on a partly paid foundation, traders will make staggered funds throughout three tranches:
| Cost Stage | Quantity per Share ( ₹) |
|---|---|
| Utility Cash | 900 |
| First Name | 450 |
| Second & Closing Name | 450 |
The construction successfully permits shareholders to unfold the cost burden over a number of months relatively than committing the complete quantity upfront.
Adani Enterprises has outlined the indicative name timelines:
First name: 12 January – 27 January 2026
Second and remaining name: 2 March – 16 March 2026
Adani Enterprises Rights Challenge Goal
From the proceeds raised, Adani Enterprises plans to make use of ₹18,698 crore for reimbursement or pre-payment, in full or partly, sure excellent borrowings availed and perpetual debt devices issued by the corporate and certainly one of its subsidiaries, Adani Airport Holdings Restricted, together with the curiosity accrued thereon.
In the meantime, ₹6208.05 crore is earmarked for basic company functions, in keeping with the letter of provide for the rights subject.
Earlier than the difficulty, the corporate had 1,15,41,80,729 excellent fairness shares, which can enhance to 1,29,26,82,416 shares submit the rights subject, assuming full subscription.
Disclaimer: This story is for instructional functions solely. The views and proposals expressed are these of particular person analysts or broking companies, not Mint. We advise traders to seek the advice of with licensed consultants earlier than making any funding selections, as market situations can change quickly and circumstances could fluctuate.
