Adani Enterprises, Adani Power, Adani Ports: Adani Group stocks gain after Adani Airport’s ₹9,825 crore fundraise

Shares of the Adani Group companies were trading higher on Wednesday, September 9, after Adani Airport Holdings Limited (AAHL) entered into binding agreements to raise ₹9,825 crore (nearly $1 billion) of primary equity capital from a consortium of investors.

The statement said that 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 company said.

Adani Airport Holdings Ltd (AAHL), a subsidiary of Adani Enterprises, operates eight airports in India. Its business includes airport operations, passenger-related services and commercial development around airports.

MSCI’s additions and exclusions are expected to trigger major buying cues in the market, as exchange-traded funds and passive funds tracking the index will change their allocations to replicate the benchmark, resulting in fund inflows and outflows from the listed companies.

MSCI also increased the weightages of stocks including Eternal, Adani Enterprises, Adani Ports & SEZ, JSW Energy, Adani Power, Swiggy and GMR Airports following its August 2026 review.

A change in weightage of the stocks listed under the existing MSCI index will also trigger inflows and outflows as the funds balance mirrors the changes in their portfolio.

Previous developments

This year in May, Bernstein had said concerns following the 2023 short-seller episode and subsequent US regulatory developments now appear largely behind the group.

In a report covering four listed Adani companies—Adani Ports and Special Economic Zone, Adani Green Energy, Adani Power and Ambuja Cements—Bernstein said many global funds had stayed away from the group pending clarity on US-related developments, leaving several stocks under-owned despite strong operational execution.