Adani Enterprises shares rise 4% as airports arm plans $1 billion fundraise

Adani Enterprises shares gained over 4% following an announcement by Adani Airport Holdings of a Rs 9,825-crore equity raise from prominent global investors. The funding round includes participation from Alpha Wave Global, Premji Invest, Temasek, and funds managed by BlackRock.

The capital will be deployed towards airport expansion, modernisation initiatives, and Airport City projects across the group's portfolio. Adani Airport Holdings expects the investment to bolster operational capacity and support growth in its aviation infrastructure business.