Shares of Adani Enterprises Ltd. opened higher on Wednesday, Sept. 9, and rallied 6% after the company announced that its airport arm, Adani Airport Holdings Ltd. (AAHL), will raise Rs 9,825 crore, or $1 billion, through a primary equity fund raise from a consortium of global investors. According to the conglomerate's statements, Adani Airport Holdings, a subsidiary of Adani Enterprises Ltd. (AEL) entered into binding agreements to raise Rs 9,825 crore (~USD 1 billion) of primary equity capital from a consortium of investors comprising Alpha Wave Global, Premji Invest, Temasek and BlackRock managed funds.
On Wednesday, shares of Adani Enterprises Ltd. opened at Rs 2,959.90 and rallied over 6.5% to hit an intraday high of Rs 3,137.10 apiece on the NSE. The stock last traded 6.08% higher at Rs 3,132.70 apiece on the NSE. This compares to a 0.44% drop in the Nifty 50 index. The Adani Group's flagship company commands a market cap of Rs 4,22,879.26 crore, according to stock exchange data. The Adani stock has shed 10% on a year-to-date basis and pver 5% in the last one year.
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