Adani Enterprises (AEL) has announced a ₹25,000 crore rights issue, opening on 17 November 2025 for existing shareholders. The issue is priced at ₹1,800 per share, at a significant discount to the market price.
The capital raised will be used to convert shareholder loans into equity and fund growth across airports, roads, petrochemicals, metals, and new-energy ventures. In FY26, the company expects total capital expenditure to reach around ₹36,000 crore, with major allocations for airports (₹10,500 crore), roads (₹6,000 crore), new-energy businesses (₹5,500 crore), petrochemicals and materials (₹9,000 crore), and metals & mining (₹3,500 crore).
Adani Airports plans to start commercial operations of Phase‑1 of Navi Mumbai Airport this quarter and a new terminal in Guwahati later in the year. Additionally, the company is developing city-side infrastructure near Mumbai/Navi Mumbai airports, targeting revenue from FY30.
This is AEL’s largest equity raise to date, signaling renewed shareholder confidence after a previously withdrawn ₹20,000 crore follow-on public offer in 2023. The move is part of a broader strategy to strengthen the balance sheet and support the next phase of the company’s ambitious growth plans.
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