Adani Enterprises Board Approves ₹25,000 Crore Rights Issue to Fund Expansion Plans

Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, has announced plans to raise up to ₹25,000 crore through a rights issue of partly paid-up equity shares, marking one of the largest capital-raising exercises in recent years by an Indian conglomerate. The company’s board approved the proposal on November 4, 2025, following the release of its second-quarter financial results.

The rights issue will be offered to eligible shareholders on a record date yet to be announced. Details such as the issue price, entitlement ratio, and payment structure will be finalised in the coming weeks. According to the company’s filing with stock exchanges, the funds raised will strengthen AEL’s balance sheet and support its next phase of growth, particularly in infrastructure and new-age businesses such as airports, green energy, data centres, and digital services.

“The fundraising initiative demonstrates our continued commitment to sustainable expansion and value creation for shareholders,” the company stated. The move comes at a time when the Adani Group is actively consolidating its core operations and diversifying into high-growth sectors.

Alongside the capital-raising plan, Adani Enterprises reported a consolidated net profit of ₹3,199 crore for Q2 FY26, marking an 84% year-on-year increase, largely driven by an exceptional one-time gain of ₹3,583 crore. However, operational revenue fell by nearly 6% to ₹21,249 crore, compared to ₹22,608 crore in the same period last year, primarily due to weaker performance in the coal trading business.

Despite the revenue dip, the company highlighted robust performance in its airports, roads, and digital infrastructure divisions, which are expected to be key growth drivers going forward.

Market analysts say the rights issue underscores Adani Enterprises’ focus on deleveraging and financing expansion in capital-intensive sectors. “The group appears to be using the rights issue as a strategic move to fund future projects while maintaining promoter shareholding stability,” said a Mumbai-based market analyst.

Shares of Adani Enterprises closed marginally lower at around ₹2,431 on November 4, reflecting cautious investor sentiment amid volatile market conditions.

With this ₹25,000 crore fundraising, Adani Enterprises aims to further cement its position as a diversified infrastructure leader and sustain momentum across its expanding portfolio of businesses.