Adani Enterprises Limited has signed a Shareholders' Agreement with a group of financial investors for issuance of fresh equity shares in its subsidiary Adani Airport Holdings Limited. The agreement was signed on September 9, 2026.
The disclosure was made to stock exchanges under applicable SEBI regulations. Under this deal, the investors will together hold up to 5.54% of the total equity share capital of Adani Airport Holdings Limited.
What is the Announcement by Adani Enterprises?
Signing of the Shareholders' Agreement
Adani Enterprises Limited has entered into a Shareholders' Agreement signed on September 9, 2026. The agreement is for issuance of fresh equity shares in Adani Airport Holdings Limited (AAHL), its subsidiary that handles airport operations and management.
Which Company is Issuing Shares?
The new shares are being issued by Adani Airport Holdings Limited. Adani Enterprises Limited itself is not issuing any new shares. Prior to this deal, Adani Enterprises held 100% of AAHL. Under this agreement, the identified investors will together acquire up to 5.54% stake in AAHL.
Who Are The Investors?
The investors participating in this agreement are:
- Alpha Wave III, LP
- PI Opportunities Fund II (Premji Invest)
- Jongsong Investments Pte. Ltd. (Temasek)
- BlackRock Funds
Key Details of the Agreement
Stake Being Issued
Adani Airport Holdings Limited will issue fresh equity shares to these investors. Together, they will hold up to 5.54% of the total equity share capital of AAHL upon completion of the investment.
Rights Under the Shareholders' Agreement
The Shareholders' Agreement sets out rules for board representation, share subscription options, and guidelines regarding changes in capital structure. These rights will become effective once the first round of investment is completed and incorporated into the company's constitutional documents.
Disclosure Details
No New Shares From Parent Company
Adani Enterprises Limited has clarified that it is not issuing any new shares in connection with this transaction. The fresh equity shares are being issued solely by Adani Airport Holdings Limited.
Related Party Status
The company has stated that this transaction is not a related party transaction. Adani Airport Holdings Limited was previously a 100% wholly owned subsidiary of Adani Enterprises Limited, and the investors participating in the agreement are independent financial investors.
Deal Summary At A Glance
| Detail | Information |
|---|---|
| Parent Company | Adani Enterprises Limited |
| Subsidiary Issuing Shares | Adani Airport Holdings Limited (AAHL) |
| Agreement Type | Shareholders' Agreement |
| Agreement Date | September 9, 2026 |
| Stake Being Issued | Up to 5.54% of total equity share capital of AAHL |
| Investors | Alpha Wave III LP, PI Opportunities Fund II (Premji Invest), Jongsong Investments Pte Ltd (Temasek), BlackRock Funds |
| AEL Issuing New Shares? | No — only AAHL is issuing fresh shares |
| Related Party Transaction? | No |
Conclusion
Adani Enterprises Limited has disclosed that its subsidiary Adani Airport Holdings Limited has entered into a Shareholders' Agreement dated September 9, 2026 with Alpha Wave III LP, PI Opportunities Fund II, Jongsong Investments Pte Ltd, and BlackRock Funds for issuance of fresh equity shares. The investors will together hold up to 5.54% of AAHL's equity share capital. Adani Enterprises Limited is not issuing any new shares as part of this transaction.