New Delhi, Nov. 30 -- On 25 November, Adani Group flagship Adani Enterprises opened a Rs.24,930 crore rights issue-an issue of new shares only to existing shareholders of the company, in proportion to the number of shares held by them. On the date the issue opened, the issue price was 24% below the market price of Adani Enterprises stock, a usual incentive in rights issues to encourage shareholders to apply.

If fully subscribed, the issue's collections will go a long way in making 2025-26 one of the most prolific years in recent memory for rights issues. Even without the Adani issue, the segment has been doing reasonably well this year. But in comparison to fundraising through the primary market, it remains a less popular route.

A right...