Adani Airports to raise Rs 9,825 crore from Temasek, BlackRock, Premji Invest and Alpha Wave
Adani Airport Holdings has raised approximately $1 billion by selling a 5.54% stake to a consortium of investors including Temasek, BlackRock, Premji Invest, and Alpha Wave. The capital will be used to modernize airport infrastructure and expand commercial services across the company's eight Indian airports.
Why it matters
This investment underscores significant investor confidence in India's aviation infrastructure sector and provides Adani with the capital needed to scale its operations.
Adani Enterprises said on Wednesday it had agreed to sell up to a 5.54% stake in its airport unit, raising about $1 billion (Rs 9,825 crore) from a group of investors comprising Temasek, BlackRock, Premji Invest and Alpha Wave to fund the business.Under the deal, Adani Airport Holdings will issue fresh shares to the consortium of investors, bringing in new capital for the business, while Adani Enterprises will remain its controlling shareholder.The deal values the airport operator at about $18 billion before the investment.
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