The ₹25,000 crore rights issue of Adani Enterprises Limited (AEL) closed on Wednesday (December 10, 2025) with 108% oversubscription.

As of 5 p.m. on the closing day, the offer had received bids for 14.95 crore shares against 13.85 crore shares on offer.

Promoters with 74% holding in the company subscribed fully to their entitlement, while the public portion was oversubscribed by 30%, drawing 4.7 crore share bids against 3.6 crore on offer.

Under the payment structure, investors were required to pay ₹900 per share on application, followed by two additional calls of ₹450 each—the first scheduled between January 12 and January 27, 2026, and the second between March 2 and March 16, 2026. 

Proceeds from the issue will be used for debt reduction and capital expenditure, including repayment of shareholder loans. 

Rights shares were priced at ₹1,800 a share, with eligible shareholders entitled to 3 rights shares for every 25 held.

Outside promoters, large institutions, including GQG mutual funds, including SBI Mf, Aditya Birla, Kotak, and a few others, participated according to sources. Interestingly, HNIs and retail investors have also heavily participated in the issue.