Adani Enterprises Ltd has recently announced a significant rights issue, expecting to raise up to Rs 25,000 crore through the issuance of partly paid-up equity shares, as confirmed in a filing on November 11. The company plans to distribute over 13.85 crore rights equity shares priced at Rs 1,800 each, reflecting a 24 percent discount from the current market price, with the record date set for November 17.

In the second quarter of the 2025-26 financial year, Adani Enterprises reported a remarkable 84 percent increase in profit, largely driven by a one-time exceptional income. The consolidated net profit for this period reached Rs 3,199 crore, a considerable rise from Rs 1,742 crore in the same quarter the previous year. The figures, however, were positively influenced by a substantial gain of Rs 3,583 crore from the sale of a 13.51 percent stake in AWL Agri Business Ltd.

Without this extraordinary gain, the firm's adjusted profit declined by 66.2 percent, dropping to Rs 814.35 crore compared to Rs 2,408.89 crore reported a year earlier. The rights issue is strategically timed to secure financing necessary for Adani Group's ongoing expansion initiatives, particularly in infrastructure sectors such as airports and clean energy projects.

This rights issue marks the company's most significant fundraising effort since the cancellation of a fully subscribed Rs 20,000 crore follow-on public offering (FPO), which was halted after a critical report by a US short seller was released in early 2023. The current rights issue aims to reinforce the company’s financial position and support its ambitious growth plans.