Shares of flagship Adani Group firm Adani Enterprises gained more than 4% to Rs 3,085 on the BSE on Wednesday after its airport arm, Adani Airport Holdings Ltd (AAHL), announced plans to raise Rs 9,825 crore, or around $1 billion, through a primary equity issue from a consortium of marquee domestic and global investors.
The investor consortium comprises Alpha Wave Global, Premji Invest, Temasek and BlackRock managed funds. Under binding agreements, the investors will subscribe to new equity shares in three tranches, with the final tranche expected to be completed by July 2027. Once all three tranches are completed, the investors will collectively hold approximately 5.54% in the company.
