Adani Enterprises to raise Rs 25,000 cr through rights issue

New Delhi: Billionaire Gautam Adani's flagship firm Adani Enterprises on Tuesday announced plans to raise Rs 25,000 crore through a rights issue to fund the massive expansion drive across its infrastructure ventures.

Adani Enterprises in a stock exchange filing said its board has "approved the issuance of partly paidup equity shares of the company of face value of Re 1 each for an amount not exceeding Rs 25,000.00 crore by way of a rights issue to the eligible equity shareholders of the company."

This is the company's biggest fundraising following cancellation of a fully subscribed Rs 20,000 crore follow-on public offering (FPO) in the aftermath of release of a damning report by US short seller Hindenburg Research in 2023.

Adani Enterprises, the flagship company of Adani Group, on Tuesday reported an 84 per cent jump in profit in the September quarter, mainly because of a one-time exceptional income, without which the core earnings dipped on weakness in its mainstay coal trading division.

Consolidated net profit of Rs 3,199 crore in July-September -- the second quarter of the 2025-26 financial year -- compared with Rs 1,742 crore earnings in the same period a year back, according to a company statement.

The profit was boosted by a one-time gain of Rs 3,583 crore arising from the sale of its 13.51 per cent stake in AWL Agri Business Ltd (formerly known as Adani Wilmar Ltd).

Without this one-time gain, the adjusted profit fell 66.2 per cent to Rs 814.35 crore in Q2 from Rs 2,408.89 crore a year ago.