Adani Enterprises Clarifies Subsidiary's $120M Bond Issue

Adani Enterprises Ltd has responded to stock exchange queries regarding a news item about its subsidiary, Adani Airport Holdings Limited (AAHL), raising $120 million through a local bond issue. Adani Enterprises clarified that AAHL, a wholly-owned subsidiary and a debt-listed entity, had previously intimated the stock exchanges about the proposal for issuing Non-Convertible Debentures. The company stated it was not part of this transaction and therefore, no disclosure was required from its end. The company also noted that the price movement in its scrip is market-driven. Adani Enterprises reiterated its commitment to regulatory compliance and timely disclosures of material events.