Adani Enterprises has formed a long-term partnership with Dioxycle, a French clean-technology company, to develop and scale low-carbon chemical production in India. The collaboration aims to convert captured carbon emissions into valuable products using clean energy, beginning with a pilot facility to produce formic acid. This initiative marks a strategic entry into the chemicals sector for the Adani Group, leveraging its renewable energy and infrastructure strengths to support national objectives like Make in India and Viksit Bharat 2047. The company submitted a clarification to BSE Limited and National Stock Exchange of India Limited regarding the media release dated July 10, 2026, titled "Adani-Dioxycle Partnership to Advance Low-Carbon Chemical Manufacturing".

Correction Notice

Adani Enterprises informed the exchanges that the date mentioned in the media release was inadvertently stated as July 9, 2026, instead of July 10, 2026. The company confirmed that the error is typographical in nature, and all other contents of the media release remain unchanged.

Strategic Collaboration Details

The partnership will commence with a pilot facility at an Adani Group site to produce formic acid using captured carbon dioxide and renewable electricity. Following successful validation, the partners plan to scale the technology for commercial manufacturing. The collaboration combines Dioxycle's electrically driven chemical manufacturing technology with Adani Group's project execution expertise and infrastructure platform.

Scope and Objectives

Formic acid and its derivatives are widely used across industries including textiles, agriculture, and manufacturing. The project aims to demonstrate how captured carbon emissions can be converted into valuable products. Beyond formic acid, the partners will explore opportunities to develop a broader portfolio of chemicals used across sectors such as energy, materials, packaging, and manufacturing. This effort supports the national objectives of "Make in India" and Viksit Bharat 2047 by promoting technology-led growth and strengthening domestic manufacturing capabilities.

Adani Enterprises has successfully closed its Qualified Institutions Placement (QIP) issue on July 7, 2026, raising ₹15,000 crore. The company allotted 5,20,29,136 equity shares at an issue price of ₹2,883 per share, reflecting a discount of 5% to the floor price of ₹3,034.68. The allotment includes a premium of ₹2,882 per equity share and was approved by the QIP committee in a meeting held on July 7, 2026.

The issue opened on July 2, 2026, and closed on July 7, 2026. The equity shares offered have a face value of ₹1 each. Following the allotment, the paid-up equity share capital of the company has increased to ₹1,35,34,11,253.25, divided into 1,35,29,49,234 fully paid-up equity shares and 7,73,366 partly paid-up equity shares.

Key Allocation Details

The following table summarizes the final allocation parameters:

Major Allottees

The list of allottees who received more than 5% of the equity shares offered includes SBI Mutual Fund schemes and New World Fund Inc. SBI Mutual Fund schemes collectively received 15.33% of the total issue size, while New World Fund Inc. received 13.58%. Eupac Fund, a Foreign Portfolio Investor, was allotted 7.27% of the issue.

Regulatory Compliance

The placement document has been filed with BSE Limited and the National Stock Exchange of India Limited. The issue was conducted under the provisions of Chapter VI of the SEBI ICDR Regulations, 2018, and Sections 42 and 62(1)(c) of the Companies Act, 2013. Jatin Jalundhwala, Company Secretary & Joint President (Legal), signed the compliance filing.