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Adani Enterprises rights issue of ₹25,000 crore approved by the company’s board to strengthen capital structure and fund expansion.
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Adani Enterprises share price dropped 2.05% to ₹2,418.90 after the announcement.
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The company reported an 84% YoY rise in Q2 FY26 profit to ₹3,199 crore, driven by exceptional income.
Adani Enterprises Rights Issue Approved by Board
The Adani Enterprises rights issue worth ₹25,000 crore has been approved by the company’s board, marking one of the largest capital-raising plans by the Adani Group in recent years. In an official exchange filing, Adani Enterprises Ltd (AEL) announced that its board of directors has given the green light to issue partly paid-up equity shares with a face value of ₹1 each, to eligible shareholders.
The company stated, “The Board has, inter alia, considered and approved the issuance of partly paid-up equity shares for an amount not exceeding ₹25,000 crore by way of a rights issue to eligible equity shareholders as on the record date, to be determined and notified later.”
This move will enable existing shareholders to subscribe to additional shares at a discounted price in proportion to their holdings. The Adani Enterprises rights issue aims to boost liquidity, reduce debt burden, and fund new infrastructure and renewable energy projects under the group’s expansion strategy.
Adani Enterprises Rights Issue Details Await Committee Approval
While the board has approved the fundraising proposal, specific terms of the Adani Enterprises rights issue — including issue price, rights entitlement ratio, record date, and payment schedule — will be finalised by the Rights Issue Committee of the board in the coming weeks.
The company added that the issue will be conducted in compliance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018) and subject to other statutory and regulatory approvals.
Analysts expect the rights issue to attract strong interest from existing shareholders, as it gives them an opportunity to increase their stake in the company at a lower price while supporting Adani Group’s ongoing expansion across infrastructure, airports, and renewable energy.
Adani Enterprises Share Price Drops 2% Post Announcement
Following the announcement of the fundraising plan, the Adani Enterprises share price fell 2.05% on Tuesday, closing at ₹2,418.90 on the BSE. The decline came despite strong quarterly earnings, as investors digested the dilution impact that typically follows large capital issues.
The market reaction suggests some short-term caution among traders, who may be waiting for more clarity on the issue price and entitlement ratio. However, many market experts believe that the rights issue could strengthen the company’s financial flexibility in the long run, especially as it continues to invest in high-growth sectors.
Adani Enterprises Share Price Reacts to Q2 FY26 Results
The Adani Enterprises share price movement also came in response to the company’s Q2 FY26 earnings report, released alongside the fundraising news. The company posted an 84% year-on-year (YoY) increase in consolidated net profit, reaching ₹3,199 crore, compared with ₹1,742 crore in the same period last year.
This sharp rise in profit was primarily due to an exceptional income of ₹3,583 crore booked during the quarter. Excluding this one-time gain, operating profit growth remained muted. The company’s total income fell 6% YoY to ₹21,844 crore, compared to ₹23,196 crore in Q2 FY25, while EBITDA dropped 10% to ₹3,902 crore from ₹4,354 crore.
Analysts said that the exceptional income inflated net profits, masking a modest decline in core business performance. Still, Adani Enterprises’ diverse portfolio and long-term infrastructure focus continue to underpin investor confidence.
Adani Enterprises Rights Issue Seen as a Growth Enabler
Industry experts view the Adani Enterprises rights issue as a strategic move to strengthen the group’s balance sheet and fuel its aggressive expansion plans. The funds raised are expected to support investments in airports, data centers, renewable energy, roads, and logistics — key sectors in which Adani Group is expanding rapidly.
By opting for a rights issue, the company ensures that existing shareholders can maintain or even increase their ownership at a concessional rate, while the company raises large-scale capital without significantly adding debt. This move is in line with Adani Group’s ongoing efforts to rebuild investor trust and improve transparency after facing scrutiny in early 2023.
Adani Enterprises Share Price Outlook Remains Positive Long-Term
Despite the short-term dip, analysts believe the Adani Enterprises share price could recover as market participants gain more clarity on the rights issue pricing and business outlook. The company’s continued investment in infrastructure development, green energy, and digital ventures positions it well for long-term growth.
Brokerages suggest that investors with a long-term horizon may consider accumulating the stock during periods of weakness, as the fundamentals remain strong and the company’s diversified business model offers steady cash flow opportunities in the coming years.
Conclusion
The Adani Enterprises rights issue of ₹25,000 crore represents a major step in the company’s capital-raising journey. Although the Adani Enterprises share price experienced a short-term decline after the announcement, the move strengthens the company’s ability to finance its ambitious projects and maintain leadership in India’s infrastructure sector.
With strong Q2 results, a growing presence across industries, and a focus on sustainability, Adani Enterprises continues to be one of India’s most closely watched conglomerates on Dalal Street.
