Adani Enterprises rights issue oversubscribed

Mumbai: Adani Enterprises Ltd said on Wednesday that the company concluded its nearly ₹25,000 crore rights issue with 108% subscription.

The rights issue, one of the largest and closely watched, had opened for subscription on November 25. By the close of bidding Wednesday, the issue garnered applications for 149.5 million shares against 138.5 million on offer, according to BSE data.

The portion of shares reserved for public investors was oversubscribed by 30%, receiving 47 million bids against the 36 million shares available. Promoters, who hold 74% of the Adani Group flagship, fully subscribed to their entitlement.


The rights shares were priced at ₹1,800 each, structured with an upfront payment of ₹900 at the application stage and two subsequent calls of ₹450 each, scheduled for January 12-27, 2026, and March 2-16, 2026. Eligible shareholders received an entitlement of three shares for every 25 held.

On Wednesday, AEL shares closed 1.7% lower at ₹2,210.25 on BSE.

The company has indicated that the funds will be deployed towards debt reduction and capital expenditure, including repayment of shareholder loans.