Shares of Adani Enterprises Rally Close to 4% With BlackRock, Temasek Among Investors For Adani Airports Financing Round

Adani Enterprises’ shares were standout performers in a negative market on Wednesday, September 9, rallying close to 4% following its airport division’s effort to rope in a host of global investors in a new equity financing round. 

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

The stock was up 3.6% at ₹3,060 in morning transactions, one of the best-performing stocks on the Nifty index. This rally occurred despite the fact that the overall market remained deeply in the red. At around 10 am, the Sensex index was lower by 607 points or 0.8% at 74,970.38, while the Nifty 50 was lower by 155 points to trade at 23,479.85. 

The rally on Wednesday came on top of an impressive performance from Adani Enterprises this year. The stock is up over 35% this year, compared to a drop of around 10% for the Nifty 50. 

What’s Happening at Adani Airports? 

The interest in the stock followed a regulatory filing from Adani Enterprises detailing a fundraising exercise at its wholly owned airport subsidiary, Adani Airport Holdings Ltd (AAHL). 

AAHL has entered into a shareholders’ agreement with a group of investors that includes Alpha Wave III, Premji Invest and Jongsong Investments, an entity linked to Temasek. 

Four BlackRock funds are also part of the transaction — BlackRock Global Allocation Portfolio, BlackRock Global Funds - Global Allocation Fund, BlackRock Strategic Income Opportunities Portfolio and BlackRock Global Funds - Fixed Income Global Opportunities Fund. 

Together, the investors will acquire up to 5.54% in AAHL through the issue of new equity shares. 

Importantly, the transaction does not involve Adani Enterprises selling a portion of its existing holding. The shares will be issued directly by AAHL, bringing fresh capital into the airport company. 

Adani Enterprises currently owns 100% of AAHL. 

The rights provided under the shareholders’ agreement will take effect once the first tranche of investment is completed. They will subsequently be incorporated into AAHL’s Articles of Association. 

The filing cited in the report did not disclose the amount being raised, the price at which the new shares will be issued or the valuation attached to the transaction. 

Adani Airports’ Presence in India 

AAHL operates airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram. Its portfolio also includes the Navi Mumbai airport project. 

As of FY26, the company handled nearly 23% of India’s passenger traffic and 29% of the country’s air cargo, making it India’s largest private-sector airport operator. 

For Adani Enterprises shares, the confirmation of BlackRock, Temasek, Premji Invest and Alpha Wave as investors was enough to provide momentum on Wednesday. The stock’s nearly 4% rise came against a falling market and pushed its gains for 2026 beyond 35%.