Adani Enterprises shares gain over 4% as airports arm plans to raise $1 billion from Temasek, BlackRock, others
Adani Enterprises shares rose over 4% after Adani Airport Holdings announced a Rs 9,825-crore equity raise from Alpha Wave Global, Premji Invest, Temasek and BlackRock-managed funds. The funds will support airport expansion, modernisation and Airport City projects. AAHL expects the investment to boost capacity, while Adani Enterprises continues delivering strong share-price gains.
Adani Enterprises shares surged over 4% to reach Rs 3,085 on the BSE on Wednesday after its airport subsidiary, Adani Airport Holdings Ltd (AAHL), unveiled plans to raise Rs 9,825 crore ($1 billion) through a primary equity issue. The investment will come from a group of prominent domestic and international investors, including Alpha Wave Global, Premji Invest, Temasek, and BlackRock.
The investors have agreed to purchase new shares in three installments, with the final tranche expected by July 2027, after which they will collectively own around 5.54% of the company. These funds will be utilized to expand and modernise airport infrastructure, accelerate the development of integrated airport city ecosystems, and scale passenger-focused and other non-aeronautical businesses.
The transaction marks a significant influx of long-term institutional capital as India's aviation sector enters a period of growth, capacity expansion, and infrastructure development.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Adani Airports to raise $1 billion from Temasek, BlackRock, Premji Invest business-standard.com
