Adani Enterprises’ wholly owned subsidiary -- Adani Airport Holdings (AAHL) has raised $250 million senior secured 3-year ECB facility from consortium of Standard Chartered Bank (SCB) and Barclays Bank PLC. The facility has an option to raise additional $200 million.
The financing structure enables a scalable capital solution with flexibility to tap global capital markets in line with AAHL’s vision of providing a transformational airport infrastructure platform. AAHL is leading the Adani portfolio’s foray into B2C infrastructure assets. AAHL business is centred around convenience to consumer both via physical and digital channels.
This issuance by AAHL, marks the first milestone in its capital management plan. Earlier this week, MIAL placed $750 Million private placement to Apollo, and $1.74 Billion financial closure for NMIAL from the domestic banking system. With this, AAHL has tapped three different pools of capital cumulating to $2.74 Billion. AAHL is now geared for the next phase of its capital management plan which includes tapping the public capital markets and further construction facilities to enable access to long term capital sources for infrastructure development.
Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal min ing, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.
Company Name | CMP |
---|---|
Redington | 194.45 |
Adani Enterprises | 2946.15 |
Amrapali Industries | 17.63 |
Rashi Peripheral | 396.00 |
Compuage Infocom | 2.98 |
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