Adani Enterprises launches ₹25,000 crore rights issue: What to know
Adani Enterprises is rolling out a ₹24,930 crore rights issue, letting existing shareholders buy extra shares at ₹1,800 each—a 24% discount from the last close.
If you're holding shares by November 17, you can pick up three new shares for every 25 you already own.
Why is Adani raising funds?
The main goal is to cut down on promoter loans, which have nearly doubled in the past year and a half.
Lowering this debt gives Adani more financial breathing room as it manages big projects in airports, roads, energy, and more.
Ambitious growth plans and rising profits
The group plans to invest $15-20 billion every year for the next five years across its businesses.
If everyone joins in on this rights issue, total shares could rise from about 115 crore to over 129 crore.
Meanwhile, profits are looking strong—net profit jumped nearly 84% year-on-year last quarter to ₹3,199 crore.