Adani Airports to raise $1 billion equity from global investors
Adani Airport Holdings has secured $1 billion in equity funding from a consortium of global investors including Temasek and BlackRock. The capital will be used to modernize airport infrastructure and expand commercial ecosystems across eight major Indian airports.
Why it matters
This investment highlights significant growth in India's private infrastructure sector and the continued interest of global institutional investors in the region's aviation market.
NEW DELHI: India's largest private airport operator - Adani Airport Holdings (AAHL) - has entered into binding agreements to raise Rs 9,825 crore (about $1 billion) of primary equity capital from a consortium of investors, comprising Alpha Wave Global, Premji Invest, Temasek and BlackRock managed funds. The transaction values AAHL at about $18 billion and is one of the largest primary equity investments from financial institutions in India's airport infrastructure sector.AAHL and the investors have entered into a share subscription agreement and a shareholders' agreement pursuant to which the investors will subscribe to new equity shares of AAHL in three tranches, with the final tranche expected to be completed by July 2027. Investors will collectively hold over 5.5% in AAHL.
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