India's Adani Enterprises rises on $1 billion fundraise for airport unit
09/09/2026 05:50
BUZZ-India's Adani Enterprises rises on $1 billion fundraise for airport unit ** Adani Enterprises ADEL.NS shares rise 4.1% to 3,074.5 rupees
** Co agrees to sell up to a 5.54% stake in its airport unit, Adani Airport Holdings, raising about $1 billion from a group of investors comprising Temasek, BlackRock, Premji Invest and Alpha Wave
** Deal values the airport operator at about $18 billion
** ADEL trades at forward 12-month P/E of 80.38, in line with industry median - data compiled by LSEG
** All of 3 brokerages covering the stock rate it "buy" or higher; their median PT is 3,744 rupees
** YTD, stock up 36.6% vs 10.1% fall in benchmark Nifty 50 Index .NSEI
(Reporting by Abhinav Parmar in Bengaluru)
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