Insurance giant Life Insurance Corporation of India (LIC) and global investment firm GQG Partners have expressed interest in participating in the ongoing ₹24,930 crore rights issue of Adani Enterprises Ltd (AEL), according to people familiar with the development. The fundraising marks one of the largest capital-raising efforts undertaken by the Gautam Adani–led conglomerate in recent years.
Both LIC and GQG Partners are among the largest public shareholders of Adani Enterprises, each holding around 4% equity. Their potential participation signals investor confidence in AEL’s long-term growth plans and the group’s continued strategy of expanding across new-age and core infrastructure sectors. AEL, the flagship incubation arm of the Adani Group, houses businesses spanning airports, green hydrogen, data centers, digital services, roads, and energy transition initiatives.
Strong Interest From Institutional Investors
According to sources, the company has conducted multiple roadshows with domestic and global institutional investors over the past week. Feedback from these engagements has been “encouraging,” with most existing and prospective investors showing strong intent to participate in the rights issue. Interest from marquee investors like LIC and GQG is expected to boost sentiment and support broader institutional subscription.
The rights issue is aimed at strengthening AEL’s balance sheet and funding expansion plans across key strategic sectors. The company is also expected to use part of the proceeds to reduce debt and accelerate capital expenditure in its high-growth businesses.
Strengthening Market Confidence
Market analysts note that the participation of well-established investors could play a crucial role in reinforcing market confidence in the Adani Group, especially after the volatility witnessed in the past year. The rights issue is part of the group’s broader plan to improve capital structure, enhance liquidity, and ensure sustainable growth.
With strong investor interest and strategic clarity, Adani Enterprises’ latest fundraising initiative is poised to draw substantial traction from both domestic and global investors.
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