Adani Enterprises Rights Issue Oversubscribed at 108%
Adani Enterprises Ltd (AEL) has completed its ₹25,000-crore rights issue with an overall subscription level of 108 percent, reflecting strong investor confidence. The company received bids for 14.95 crore shares against 13.85 crore shares on offer.
Public Portion Oversubscribed
The public portion of the issue saw significant interest and was oversubscribed by around 30 percent. AEL promoters also fully subscribed to their share of entitlements. The rights issue opened on November 25 and closed on December 10, 2025.
Pricing and Entitlement Structure
AEL issued 138.5 million partly paid-up equity shares at ₹1,800 per share. Eligible shareholders were offered three rights shares for every 25 fully paid shares held as of the record date.
Fund Utilisation Plan
The company stated that proceeds from the rights issue will be used for debt reduction, capital expenditure and major infrastructure projects. These include expansions in airports, data centres, green hydrogen, PVC manufacturing, copper smelting, and road development.
Market Outlook
Analysts say the strong subscription highlights renewed investor confidence in the Adani Group’s expansion plans. The successful issue is expected to support balance sheet strengthening and future growth initiatives.
