Description
Adani Enterprises Ltd has fixed the record date of November 17, 2025 for a rights issue offering 3 equity shares for every 25 shares held at Rs.1800 per share.
Summary
Adani Enterprises Ltd (Scrip Code: 512599/112599) has announced a rights issue with a record date of November 17, 2025. Existing shareholders will be eligible to subscribe to 3 new equity shares of Re.1/- each for every 25 equity shares held, at an issue price of Rs.1800 per share (including a premium of Rs.1799). The equity shares will trade on an ex-rights basis from November 17, 2025 (Settlement No. DR-757/2025-2026).
Key Points
- Rights ratio: 3 equity shares for every 25 equity shares held
- Issue price: Rs.1800 per share (Face value Re.1 + Premium Rs.1799)
- Payment structure: Rs.900 on application and Rs.900 on subsequent call(s)
- Record date: November 17, 2025
- Ex-rights date: November 17, 2025
- Settlement number: DR-757/2025-2026
- Segment: Equity - Dematerialised Securities Rolling Settlement
Regulatory Changes
No regulatory changes announced. This is a standard corporate action notification.
Compliance Requirements
- Trading members must ensure all transactions in Adani Enterprises equity shares are executed on ex-rights basis from November 17, 2025
- Shareholders on record as of November 17, 2025 will be eligible to participate in the rights issue
- Application money of Rs.900 per share must be paid at the time of application
- Balance Rs.900 per share payable on one or more subsequent calls as determined by the company
Important Dates
- November 12, 2025: Circular issued
- November 17, 2025: Record date for determining eligible shareholders
- November 17, 2025: Ex-rights trading begins (Settlement DR-757/2025-2026)
Impact Assessment
Market Impact: High - This is a significant capital raising exercise by Adani Enterprises, one of India’s largest conglomerates. The rights issue will result in dilution for non-participating shareholders.
Shareholder Impact: Existing shareholders holding shares as of the record date will have the right to subscribe to additional shares at Rs.1800 per share. Non-participation will result in ownership dilution of approximately 12% (3 new shares per 25 existing shares).
Trading Impact: The stock will trade ex-rights from November 17, 2025, which typically results in a theoretical price adjustment to reflect the value of the rights being separated from the share price.
Financial Impact: The staggered payment structure (Rs.900 on application and Rs.900 on call) provides flexibility to shareholders but also creates future capital call obligations for participants.
Impact Justification
Major capital raising activity by large cap company affecting existing shareholders with significant dilution potential and substantial issue size