ADANIENTNSEAdani Enterprises Limited· TradingMediumNeutral
Announced Wed, 4 Feb · 20:35 IST

Adani Enterprises Limited has informed the Exchange regarding 'Intimation For Conversion Of Rs. 0.50 Partly Paid-Up Equity Shares Into Rs. 0.75 Partly Paid-Up Equity Shares In Relation To The Rights Issue, Upon Receipt Of The Payment In Respect Of The First Call, To The Extent Applicable'.

Corporate Actions View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Adani Enterprises has informed the exchange that partly paid-up equity shares of face value paid-up at Rs. 0.50 are being converted to partly paid-up shares at Rs. 0.75, following receipt of the first call payment from eligible shareholders under its earlier Rights Issue. Each share still has a balance of Rs. 0.25 remaining to be paid in subsequent calls before becoming fully paid-up shares of Rs. 1 face value. This is a routine procedural update tied to the ongoing Rights Issue that the company had previously launched. No new equity is being issued and the total share count remains unchanged.

Likely market impact

This is a technical bookkeeping update with no direct impact on share price. Shareholders who did not pay the first call money on time may face forfeiture or other actions per the terms of the Rights Issue letter of offer.