Adani Enterprises shares gain over 4% as airports arm plans to raise $1 billion from Temasek, BlackRock, others

Adani Enterprises shares rose over 4% after Adani Airport Holdings announced a Rs 9,825-crore equity raise from Alpha Wave Global, Premji Invest, Temasek and BlackRock-managed funds. The funds will support airport expansion, modernisation and Airport City projects. AAHL expects the investment to boost capacity, while Adani Enterprises continues delivering strong share-price gains.