Adani Enterprises Shares Rise Following $1 Billion Fundraising Deal by Airport Unit
Shares of Adani Enterprises rose nearly 5% after its airport unit, Adani Airport Holdings (AAH), announced a binding agreement to raise approximately ₹98.25 billion ($1 billion) from global and domestic investors including Alpha Wave Global, Premji Invest, Temasek, and BlackRock managed funds. The deal values AAH at around $18 billion on a pre-money basis and is expected to be completed in three tranches by July 2027. The proceeds will fund airport infrastructure expansion, Adani Airport City projects, and non-aeronautical businesses such as ground handling services. This follows an earlier qualified institutional placement of ₹150 billion in July. Adani Enterprises aims to expand its airports platform across India, with plans to serve up to 200 million passengers annually by modernizing infrastructure and developing city-side projects.
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Topics: Adani Enterprises airports fundraising infrastructure expansion