Passenger aircraft parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai.
| Photo Credit: Reuters
Adani Group’s airport arm has secured $1 billion in financing from global investors to fund construction of the Mumbai International Airport, the conglomerate said on Tuesday (June 24, 2025).
“The transaction was led by Apollo-managed funds, with participation from a syndicate of leading institutional investors and insurance companies which included BlackRock-managed funds, Standard Chartered among others, underlining global confidence in India’s Infrastructure opportunity and Adani Airports’ operating platform,” it said in a statement.
Adani Airports Holdings Limited (AAHL), a wholly-owned subsidiary of Adani Enterprises Ltd and India’s largest private airport operator, raised $1 billion through a project finance structure for its Mumbai International Airport Ltd (MIAL).
The transaction involves issuance of $750 million notes maturing July 2029 which shall be used for refinancing. The financing structure also includes provision to raise an additional $250 million, resulting in total financing of $1 billion.
“This framework will provide enhanced financial flexibility for the capital expenditure program of MIAL for development, modernisation, and capacity enhancement,” the company said in a statement. This is India’s first investment grade (IG) rated private bond issuance in the airport infrastructure sector.
Published – June 24, 2025 09:24 am IST
