Adani Enterprises’ stock is trading ex-rights on Monday
Adani Enterprises shares saw a mixed trend of upside and downside on November 17th. The stock opened with gains. Later, it fell 0.73% from its previous close, hitting a low of ₹2421.10 on the BSE. Later, it rebounded. Adani Enterprises Limited is launching a rights issue worth ₹25,000 crore. The record date for this is November 17th, meaning Adani Enterprises shares are trading ex-rights today, Monday.
The company’s board has approved a rights issue of partially paid-up equity shares at a par value of ₹1 per share. A rights issue allows a company to offer existing shareholders the right to purchase additional shares at a discounted price within a specified period.
The company will issue over 13.85 crore equity shares in a rights issue for a total consideration of ₹24,930.30 crore. The rights issue price has been fixed at ₹1,800 per share. The issue will open on November 25 and close on December 10. Allotment of rights shares will take place on December 11, and these shares will be credited to eligible shareholders’ accounts on December 12. Trading will commence on December 16.
The company has a market cap of over ₹3 lakh crore. The stock has a face value of ₹1. The stock has gained 14% in three months. Promoters held a 73.97% stake in the company as of the end of September 2025. Jefferies has a “buy” rating on the stock and a target price of ₹3,000 per share.
