Adani Enterprises Converts Partly Paid-Up Rights Equity Shares Following Rights Issue
Adani Enterprises Limited announced the conversion of partly paid-up Rights Equity Shares into fully paid-up equity shares following its rights issue. The decision was formalized by the Company's Rights Issue Committee at a meeting held on July 13, 2026.The committee approved the conversion of 4,81,079 partly paid-up Rights Equity Shares into fully paid-up equity shares, each bearing a face value of ₹ 1. These converted shares are identified as Converted Rights Equity Shares (ISIN INE423A01024).
The conversion involves two distinct categories of partly paid-up rights equity shares:
- Shares that were 75% paid up and were subject to the Second and Final Call monies receipt.
- Shares that were 50% paid up and required the First Call and Second and Final Call monies payment.
The financial details and specifics of the converted shares are provided below:
| Share Category | Shares Converted | Paid-Up Percentage | ISIN | Payment Status | Face Value per Share | Premium/Paid Amount Specified |
|---|---|---|---|---|---|---|
| 75% Paid Up | 2,38,606 | 75% | IN9423A01048 | Second and Final Call Received | ₹ 1.00 | ₹ 0.75 (Face) + ₹ 1,349.25 (Premium) |
| 50% Paid Up | 2,42,473 | 50% | IN9423A01030 | First Call and Second and Final Call Received | ₹ 1.00 | ₹ 0.50 (Face) + ₹ 899.50 (Premium) |
The conversion action pertains to the pending payments related to the Rights Issue, as furthered by previous reminder notices regarding both the First Call and the Second and Final Call monies of the partly paid-up Rights Equity Shares.
ADANIENT Stock Price Movement
Today, shares of Adani Enterprises Limited edged higher to close at ₹3177.50 after gaining 0.55%. The stock traded a volume of 1.6 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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