BOM:512599

Adani Enterprises Unit Adani Airport Holdings to Raise INR98.3 Billion

Adani Airport Holdings, a subsidiary of Adani Enterprises (NSE:ADANIENT, BOM:512599), has agreed to raise 98.3 billion rupees (nearly $1 billion) in primary equity from Alpha Wave Global, Premji Invest, Temasek and BlackRock-managed funds.The investment will be made in three tranches, with the final tranche expected by July 2027, according to a Wednesday filing on Indian bourses. The investors will collectively hold about 5.54% of the airport operator upon completion.The proceeds will be used to expand and modernize airports, develop airport-city projects and scale passenger-facing and other non-aeronautical businesses. The transaction is subject to customary conditions and regulatory approvals.Adani Enterprises jumped nearly 6% in recent trade.

Market Chatter: Hindustan Copper Eyes Codelco Mines to Feed Adani, Hindalco Demand

Hindustan Copper (BOM:513599, NSE:HINDCOPPER) plans to supply copper concentrate from Chilean miner Codelco's assets to domestic producers Hindalco (BOM:500440) and Adani Enterprises' (BOM:512599, NSE:ADANIENT), as India's demand for the metal surges, Reuters reported Tuesday, citing sources familiar with the matter.The company is also reportedly exploring a Codelco joint venture for mining and sales.In April, India's mines secretary said Coal India (BOM:533278, NSE:COALINDIA) and NTPC Mining are in talks for additional copper blocks, Reuters reported.Hindustan Copper had signed a preliminary deal with Codelco last year, followed by a non-disclosure agreement and the appointment of a deal advisor in May, the news outlet said.Hindustan Copper, Hindalco and Codelco did not immediately respond to' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

US Court Dismisses Fraud Charges Against Adani's Founder

A US district court in New York has dismissed criminal fraud and conspiracy charges against Indian billionaire Gautam Adani, his nephew Sagar Adani and six other co-defendants, according to a court filing on Monday.In 2024, Adani and top executives of Adani Group were indicted over an alleged $265 million bribery scheme targeting Indian officials to secure solar energy contracts, while allegedly misleading US investors.The court accepted the Department of Justice's argument that the alleged misrepresentations about anti-bribery compliance amounted to "inactionable puffery" rather than material fraud.Adani welcomed the decision via social media, saying he has "deep respect for the judicial process."Adani founded Adani Group, which owns Adani Enterprises (BOM:512599, NSE:ADANIENT), Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921), Adani Green Energy (NSE:ADANIGREEN, BOM:541450), Adani Power (NSE:ADANIPOWER, BOM:533096) and more.

Adani Enterprises' Airport Unit Sets Up IFSC Subsidiary for Treasury Operations

Adani Enterprises' (BOM:512599, NSE:ADANIENT) step-down subsidiary, Adani Airport City, has incorporated AACL Global IFSC, a wholly owned subsidiary focused on treasury and finance operations, according to a Saturday filing to the Indian exchanges.AACL Global was incorporated in India on July 15 and received its certificate of incorporation on Aug. 7.The company has a paid-up capital of 500,000 rupees, comprising 50,000 shares issued at 10 rupees each. Adani Airport City holds 100% of the entity.

Adani Enterprises Swings to Consolidated Net Loss in Fiscal Q1

Adani Enterprises (NSE:ADANIENT, BOM:512599) posted a consolidated attributable net loss of 11.6 billion Indian rupees in fiscal first quarter, compared with a net profit of 8.85 billion rupees a year ago.Loss per share in the quarter ended June 30 stood at 8.91 rupees, compared with earnings per share of 7.12 rupees last year, according to a Wednesday filing to the Indian stock exchanges by the global integrated infrastructure company.Revenue from operations in fiscal Q1, however, increased to 329.2 billion rupees from 219.6 billion rupees a year ago.Shares of the company rose nearly 1% at market close.

Market Chatter: Indian Billionaire Gautam Adani Considers Entering Airline Business

The group of Gautam Adani is considering launching a new airline, Reuters reported Thursday, citing two sources with direct knowledge of the matter.The report said no final decision has been made, with the group still evaluating the proposal given the challenges of generating profits in the airline industry.The Indian government has privately encouraged several business groups, including Adani, to consider starting an airline as Air India dealt with the aftermath of last year's fatal Ahmedabad crash and IndiGo faced operational disruptions, according to the report.Adani Enterprises (NSE:ADANIENT, BOM:512599), the Indian billionaire's flagship company, did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Adani Plans INR25 Billion Investment to Build Missile Manufacturing Hub in Madhya Pradesh, India

Adani Defence & Aerospace, the defense and aerospace arm of Adani Enterprises (NSE:ADANIENT, BOM:512599), plans to invest around 25.00 billion Indian rupees to set up what it claims to be South Asia's largest private-sector missile ecosystem at Shivpuri in Madhya Pradesh, India, according to a Sunday filing to the Indian stock exchanges.Adani laid the foundation stone on Sunday for the project, which will have an advanced missile ecosystem with composite propellant and Trinitrotoluene (TNT) production at a single location. The unit will support the operational requirements of the Indian armed forces while advancing long-term defence preparedness, the company said.It will accelerate the transition of locally developed indigenous missile systems from successful trials to serial production.The project is estimated to create around 5,000 direct and indirect skilled jobs.

Market Chatter: Adani Enterprises Upsizes Institutional Share Sale to INR150 Billion on Strong Demand

Adani Enterprises (NSE:ADANIENT, BOM:512599) increased the size of its institutional share sale to 150 billion Indian rupees from the initially planned 100 billion rupees after strong demand from local and international investors, Bloomberg News reported Friday.The offering, launched on Thursday at an indicative price of 2,883 rupees per share, was subscribed 2.4 times, with domestic institutional investors accounting for about 65% of demand and global investors making up the remaining 35%, people familiar with the matter told Bloomberg.Investors included global asset managers such as BlackRock, Goldman Sachs, The Capital Group and Vanguard, along with Indian mutual funds including ICICI Prudential Asset Management, SBI Funds Management, and HDFC Asset Management.Adani Enterprises did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Adani Enterprises Launches Share Placement, Sets Floor Price

Adani Enterprises (NSE:ADANIENT, BOM:512599) launched a qualified institutional placement at a floor price of 3,034.68 Indian rupees per share, according to a preliminary document released on Thursday.While the company did not mention the total number of shares on offer, media reports estimate the company to raise at least 100 billion rupees through the issue, implying the shares issued to large investors to be up to 34.7 million.The company plans to use the proceeds for capital expenditure at subsidiaries, including setting up a polyvinyl chloride plant and payment of the concession fee for the six-lane Chennai Outer Ring Road tolling. It will also use the funds to refinance debt, among others.Jefferies, SBI Capital Markets, ICICI Securities and IIFL Securities are the deal's lead managers.

Adani Enterprises, International Resources to Develop $11.5 Billion Aluminum Project in India

India's Adani Enterprises (NSE:ADANIENT, BOM:512599) is partnering with Abu Dhabi-based International Resources Holding to develop an $11.5 billion aluminum project in the Odisha province, according to a Thursday statement.The firms entered into a memorandum of understanding to form a 50-50 joint venture that would build an alumina refinery with a capacity of 4 million metric tonnes per annum.The project will also include an aluminum smelter and a downstream manufacturing park, alongside a 4,000-megawatt captive power plant.

Adani Group Aims for 10 GW Nuclear Power Capacity in India by 2035

Adani Group, parent of Indian conglomerate Adani Enterprises (NSE:ADANIENT, BOM:512599), aims to develop 10 GW of nuclear power capacity by 2035, Chairman Gautam Adani said in his annual general meeting address on Wednesday."With land identified and a 10 GW targeted capacity by 2035, we are positioning ourselves early to serve the growing national demand for clean, round-the-clock power," he said.In 2025, the company opened its nuclear generation sector to domestic and foreign firms ​in the private sector with the aim of expanding its nuclear capacity to 100 GW by 2047 from around 8 GW now."Our entry into nuclear energy through Adani Atomic Energy is another confident step towards securing India's long-term energy future," Adani said.

Adani Enterprises, Jabil Plan AI Data Center Hardware Manufacturing Platform in India

Adani Enterprises (NSE:ADANIENT, BOM:512599) and Jabil Inc. plan to form a strategic alliance to build an artificial intelligence and data center infrastructure manufacturing platform in India.The proposed platform will focus on manufacturing AI racks, storage and networking systems, and related data center infrastructure for hyperscalers, co-location operators and enterprises, according to an Indian bourse filing on Tuesday. It will also cover production of power distribution units, coolant distribution units, transformers, switchgears, bus bars and thermal management systems.The companies are working on operational frameworks and final documentation for the initiative, which will support Adani Group's 2035 target to have 5 gigawatts of AI-ready, green-energy-powered data center capacity.

Adani Enterprises Ties Up With US-Based Jabil to Build AI Data Center Infrastructure Platform in India

India's Adani Enterprises (NSE:ADANIENT, BOM:512599) has partnered with U.S.-based electronics manufacturer Jabil to build a large-scale artificial intelligence (AI) and data center infrastructure manufacturing platform in India, according to an official statement on Monday.The proposed platform will target multi-gigawatt AI rack manufacturing capacity and cater to hyperscale cloud providers, colocation operators, and enterprise data centers worldwide. It will manufacture high-density AI racks, servers, storage systems, networking equipment, and supporting power and cooling infrastructure, the statement said.Shares of the company gained over 1% in morning trade Tuesday.

Adani Enterprises JV AdaniConneX Buys Madhuvanti Build Estate for INR7.65 Billion

AdaniConneX, a joint venture company of Adani Enterprises (NSE:ADANIENT, BOM:512599), has acquired a 100% equity stake in Madhuvanti Build Estate, according to a Thursday filing with Indian stock exchanges.The shareholding in the infrastructure developer has been acquired from Adani Infra (India) for 7.65 billion Indian rupees.Madhuvanti owns a land parcel and has secured key licenses to commence infrastructure activities, which would give AdaniConneX a head start, the company said. Madhuvanti has not yet commenced commercial operations.

Adani Enterprises Arm Completes Acquisition of Real Estate Developer Portus Ventures

Adani Airport City, a step-down subsidiary of Adani Enterprises (NSE:ADANIENT, BOM:512599), has completed the acquisition of a 100% stake in real estate developer Portus Ventures, according to a Tuesday filing to the Indian stock exchanges.Earlier this week, Adani Airport agreed to acquire Portus Ventures for 140,000 Indian rupees.Portus was incorporated in 2024 to undertake real estate activities with owned or leased property, construction of buildings, hotels and motels, and resorts providing short-term lodging facilities. It has not yet started business operations.

Adani Enterprises Arm to Acquire Portus Ventures

Adani Airport City, a step-down subsidiary of Adani Enterprises (NSE:ADANIENT, BOM:512599), has agreed to acquire a 100% stake in real estate developer Portus Ventures for 140,000 Indian rupees, according to a Monday filing to the Indian stock exchanges.The transaction is expected to be completed by June 17.Portus was incorporated in 2024 to undertake real estate activities with owned or leased property, construction of buildings, hotels and motels, and resorts providing short-term lodging facilities. It has not yet started business operations.

Adani Enterprises Agrees to $275 Million Settlement with US Treasury

Indian conglomerate Adani Enterprises (NSE:ADANIENT, BOM:512599) has entered into a $275 million settlement with the U.S. Department of the Treasury's Office of Foreign Assets Control over a matter relating to alleged sanction violations, according to a Monday filing to the Indian stock exchanges.The matter concerned 32 apparent violations involving the import of Iranian liquefied petroleum gas (LPG) through the Mundra Port in Gujarat.The company bought LPG originating from Iran from a Dubai trader, despite sanctions placed by the U.S. on the purchase of natural gas from Iran. The trader had claimed the supplies came from Oman and Iraq.Adani has not admitted to any wrongdoing on its part in the disclosure."OFAC determined that red flags should have put AEL on notice that the LPG actually originated from Iran, and that the Company did not voluntarily self-disclose the apparent violations of Iran-related sanctions and that the apparent violations constitute an egregious case," Adani Enterprises said in a statement.

Jefferies Adjusts Adani Enterprises' Price Target to INR2,800 From INR2,600, Keeps at Buy

Adani Enterprises Swings to Consolidated Loss in Fiscal Q4

Adani Enterprises (NSE:ADANIENT, BOM:512599) booked a consolidated net loss attributable to the owners of 2.21 billion Indian rupees in the fiscal fourth quarter, compared with a net profit of 38.4 billion rupees a year ago, according to an Indian bourse filing on Thursday.Loss per share for the quarter ended March 31 stood at 1.71 rupees, compared with earnings per share of 32.02 rupees a year earlier.The conglomerate's revenue from operations, however, jumped year on year to 324.4 billion rupees from 269.7 billion rupees, the filing said.Adani Enterprises' board recommended a dividend of 1.30 rupees per share for the fiscal year ended March 31. The dividend will be paid on or after June 30 to shareholders of record June 12.