Adani Airports to Raise $1 Billion Equity from Global Investors

Adani Airport Holdings Limited (AAHL), a subsidiary of Adani Enterprises, has secured binding agreements to raise approximately USD 1 billion (₹9,825 crores) in primary equity capital from a consortium of investors including Alpha Wave Global, Premji Invest, Temasek, and BlackRock managed funds. This transaction values AAHL at a pre-money equity valuation of approximately USD 18 billion. The funds will be utilized to support airport modernization, capacity expansion to serve 200 million passengers annually, the development of Adani Airport City, and the scaling of ground handling and non-aeronautical businesses. The investment, to be completed in three tranches by July 2027, will result in the investors collectively holding about 5.54% of AAHL.