Adani Airports clinches USD 750 Mn Global Financing to power next phase of growth

Adani Airports Holdings Ltd (AAHL), India's largest private airport operator and a subsidiary of Adani Enterprises Limited, has raised USD 750 million via External Commercial Borrowings (ECB) from a consortium of international banks. The transaction was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank.

The proceeds will be used to refinance existing debt, invest in infrastructure upgrades, and capacity expansion across the six airports viz. Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram; scale the non-aeronautical businesses, including Retail, F&B, Duty Free and services across the airport network.

AAHL served 94 million passengers in FY 2024-25 with an overall capacity of 110 million passengers, further it aims to triple capacity to 300 million passengers per annum by 2040 through phased development. As part of this roadmap, the Navi Mumbai International Airport is expected to be operational shortly, adding 20 million passengers in the first phase, with capacity expanding up to 90 million annually in a phased manner, significantly boosting the Mumbai region's aviation infrastructure.

"The trust placed in us by leading global financial institutions underscores the longterm value and potential of India's aviation infrastructure. AAHL is well on its path to deliver exceptional customer experiences, leveraging technology for seamless operations, and prioritizing sustainability and community engagement across its airport network," said Arun Bansal, CEO of AAHL. "As we continue our journey, AAHL remains committed to being the Gateway to Goodness, delivering customercentric solutions and building world-class airport infrastructure that sets global benchmarks in service and sustainability."

Latham and Watkins LLP and Linklaters LLP acted as English Law counsel to the transaction, Cyril Amarchand Mangaldass and TT&A acted as Indian law counsel to the transaction.

Shares of Adani Enterprises Limited was last trading in BSE at Rs. 2503.95 as compared to the previous close of Rs. 2491.30. The total number of shares traded during the day was 56591 in over 4417 trades.

The stock hit an intraday high of Rs. 2528.85 and intraday low of 2490.00. The net turnover during the day was Rs. 142075912.00.

Source : Equity Bulls

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AdaniEnterprises INE423A01024 AdaniAirportHoldings ECB FundRaising