NSEPress Release9 Sept 2026 · 9 Sept 2026, 09:05 am
Press Release
Adani Enterprises Limited · ADANIENT
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Adani Enterprises Limited has announced that its subsidiary, Adani Airport Holdings Limited (AAHL), will raise USD 1 billion of primary equity from a consortium of investors, valuing AAHL at USD 18 billion pre-money equity valuation.
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Full Announcement
Adani Enterprises Limited has informed the Exchange regarding a press release dated September 09, 2026, titled "Adani Airports to raise USD 1 billion of primary equity from marquee global investors".
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September 9, 2026
BSE Limited National Stock Exchange of India Limited
P J Towers, Exchange plaza,
Dalal Street, Bandra-Kurla Complex,
Mumbai – 400001. Bandra (E), Mumbai – 400051.
Scrip Code: 512599 Scrip Code: ADANIENT
Dear Sir,
Sub: Submission of Media Release.
Please find enclosed herewith Media Release on the subject “Adani Airports to
raise ~USD 1 billion of primary equity from marquee global investors”.
Kindly take the same on your records.
Thanking you,
Yours faithfully,
For Adani Enterprises Limited
Jatin Jalundhwala
Company Secretary & Joint President (Legal)
Membership No. FCS-3064
Encl: as above
Adani Enterprises Limited Tel + 91 79 2656 5555
“Adani Corporate House”, Fax + 91 79 2555 5500
Shantigram, Near Vaishno Devi Circle, investor.ael@adani.com
S. G. Highway, Khodiyar www.adanienterprises.com
Ahmedabad 382 421
Gujarat, India
CIN: L51100GJ1993PLC019067
Registered Office : “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421
Media Release
Adani Airports to raise ~USD 1 billion of primary equity
from marquee global investors
Investment by Alpha Wave Global, Premji Invest, Temasek and BlackRock managed funds
values AAHL at ~USD 18 billion pre-money equity valuation
Editor’s Synopsis
● Adani Airport Holdings Limited (AAHL) has entered into binding agreements to raise
₹9,825 crores (~USD 1 billion) of primary equity capital from a consortium of leading
domestic and global investors.
● The transaction values AAHL at a pre-money equity valuation of ~USD 18 billion,
establishing a significant external institutional valuation benchmark for the airports
platform.
● The investor consortium comprises Alpha Wave Global, Premji Invest, Temasek and
BlackRock managed funds. Upon completion of all three tranches, the investors will
collectively hold approximately 5.54% in AAHL.
● The proceeds will support airport modernisation and capacity expansion to serve ~ 200
million passengers annually, integrated Adani Airport City development of ~22 million
sq. ft. of mixed-use development in the first phase and the continued scaling of AAHL’s
ground handling and non-aeronautical businesses.
Ahmedabad, 09 September, 2026: Adani Airport Holdings Limited (AAHL), a subsidiary of Adani
Enterprises Limited (AEL) and one of India's largest private airport operators, has entered into
binding agreements to raise ₹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. The transaction values AAHL at a pre-money equity valuation of ~USD 18
billion and represents one of the largest primary equity investments from financial institutions
in India’s airport infrastructure sector.
The participation of a consortium of long-term domestic and global investors represents a
significant institutional endorsement of AAHL’s scale, operating capabilities and long-term
growth potential. The investment brings long-duration institutional capital into the business at
a time when India’s aviation sector is entering a sustained phase of passenger growth, capacity
expansion and infrastructure investment.
AAHL and the investors have entered into a Share Subscription Agreement and a Shareholders’
Agreement pursuant to which the investors will subscribe to new equity shares of AAHL in three
tranches, with the final tranche expected to be completed by July 2027. Upon completion of
all three tranches, the investors will collectively hold approximately 5.54% in AAHL.
The proceeds will support three strategic priorities: expanding and modernising airport
infrastructure across AAHL’s portfolio; accelerating the development of integrated Adani
Airport City ecosystems around its airports with development of ~ 22 million sq. ft. of mixed-
use development planned in the first phase; and scaling passenger-facing and other non-
aeronautical businesses including our ground handling business. These investments are
expected to increase capacity to serve ~ 200 million passengers annually, deepen commercial
monetisation, enhance passenger experience and further strengthen AAHL’s integrated airport
ecosystem.
The transaction follows AEL’s successful ₹15,000 crore qualified institutional
placement (QIP) in July 2026, India’s largest QIP by a non-financial corporate. Together, the
transactions reflect continued access by the Adani portfolio to significant pools of long-term
domestic and global institutional capital.
“This partnership marks an important milestone in building out the Adani Airports platform, and
we are privileged to have such marquee, long-term investors alongside us on this journey,” said
Mr. Jeet Adani, Non-Executive Director, Adani Airport Holdings Limited. “India’s aviation sector
is one of the most powerful multipliers of the country’s GDP growth. Every expansion in air
connectivity catalyses trade, tourism, employment and regional development well beyond the
airport gate. With the backing of these partners, we will continue to invest ahead of that
growth, scaling our infrastructure, city-side developments and non-aeronautical businesses to
build one of the world’s leading integrated airport platforms.”
"We will continue to build capabilities within AAHL to scale it into the world's largest airports
platform," said Mr. Arun Bansal, CEO, Adani Airport Holdings Limited. "This ambition is buoyed
by the exponential growth opportunities across India, the rising spending power of the Indian
consumer, and the momentum of our city-side developments as powerful economic catalysts
in the country's major urban centres. We are deeply grateful to our partners for their confidence
and look forward to continuing on this path together as we build a truly world-class airport
platform for India."
The key advisors to the transaction were Cyril Amarchand Mangaldas, AZB & Partners, JSA
Advocates and Solicitors, TT&A Advocates and Solicitors, Jefferies India Private Limited, SBI
Capital Markets Limited and Ernst & Young LLP.
The transaction is subject to customary conditions precedent, including receipt of applicable
approvals.
About Adani Airport Holdings Limited
Adani Airport Holdings Limited (AAHL), a subsidiary of Adani Enterprises Limited, is one of India's largest
private airport operators, managing eight airports across India and serving over 23% of India’s total
passenger traffic. AAHL manages and develops an integrated airports platform spanning aeronautical
operations, passenger-facing non-aeronautical offerings and city-side development. AAHL’s pioneering
journey blends advanced technology, memorable consumer experiences and sustainable practices in
airport development.
About Adani Enterprises Limited
Adani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India’s largest business
organisations. AEL has a long-standing track record of incubating, building and scaling infrastructure
and utility businesses of strategic importance to India.
Over the years, AEL has developed businesses including Adani Ports and Special Economic Zone, Adani
Energy Solutions, Adani Power, Adani Green Energy and Adani Total Gas into sizeable platforms. AEL’s
current portfolio of emerging businesses spans airports, roads, data centres, the green hydrogen
ecosystem, copper and other strategic industrial sectors, each aligned with India’s long-term
infrastructure and economic development priorities.
For more information visit: www.adanienterprises.com | www.adaniairports.com
For media queries, please contact; Roy Paul roy.paul@adani.com