June 24, 205: Adani Group’s airport division has secured USD 1 billion (approximately Rs 8,350 cr) in funding from global investors to support the development of Mumbai International Airport, the conglomerate announced on Tuesday.
The transaction, led by Apollo-managed funds, saw participation from a syndicate of prominent institutional investors and insurance firms, including funds managed by BlackRock and Standard Chartered. The deal underscores growing global confidence in India’s infrastructure potential and the operational strength of Adani Airports.
Adani Airports Holdings Limited (AAHL), a wholly owned subsidiary of Adani Enterprises Ltd and India’s largest private airport operator, has raised the funds through a structured project finance deal for its flagship asset, Mumbai International Airport Ltd (MIAL).
The financing includes the issuance of USD 750 million in notes, maturing in July 2029, earmarked for refinancing purposes. Additionally, the structure allows for a further USD 250 million to be raised, bringing the total financing to USD 1 billion.
According to a company statement, “This framework will provide enhanced financial flexibility for MIAL’s capital expenditure plans, which include expansion, modernisation, and increased capacity at the airport.”
Significantly, the transaction marks India’s first investment-grade rated private bond issuance within the airport infrastructure sector. It reflects a broader trend of global institutional interest in India’s rapidly evolving transportation and infrastructure ecosystem.
Mumbai International Airport is one of the country’s busiest and most strategically important aviation hubs, and this financing is expected to accelerate its transformation into a world-class facility. The Adani Group’s continued focus on infrastructure and its ability to attract high-profile international capital reinforces its pivotal role in shaping India’s next-generation transport landscape.
Source: rediff
