Adani Enterprises' subsidiary -- Adani Airport Holdings (AAHL) has entered into binding agreements to raise Rs 9,825 crore (around $1 billion) of primary equity capital from a consortium of leading domestic and global investors. The consortium of investors comprises Alpha Wave Global, Premji Invest, Temasek and BlackRock managed funds. The transaction values AAHL at a pre-money equity valuation of around $18 billion and represents one of the largest primary equity investments from financial institutions in India’s airport infrastructure sector.
AAHL and the investors have entered into a Share Subscription Agreement and a Shareholders’ Agreement pursuant to which the investors will subscribe to new equity shares of AAHL in three tranches, with the final tranche expected to be completed by July 2027. Upon completion of all three tranches, the investors will collectively hold around 5.54% in AAHL.
The proceeds will support three strategic priorities: expanding and modernising airport infrastructure across AAHL’s portfolio; accelerating the development of integrated Adani Airport City ecosystems around its airports with development of around 22 million square feet of mixed-use development planned in the first phase; and scaling passenger-facing and other nonaeronautical businesses including the company’s ground handling business. These investments are expected to increase capacity to serve around 200 million passengers annually, deepen commercial monetisation, enhance passenger experience and further strengthen AAHL’s integrated airport ecosystem.
Adani Enterprises (AEL), the flagship company of the Adani Group, is in the business of integrated resources management, mining services and other trading activities. The company operates as an incubator, establishing new businesses in various areas like new energy ecosystem, data center, airports, roads, copper, digital space and others.
| Company Name | CMP |
|---|---|
| Redington | 377.85 |
| Amrapali Industries | 37.41 |
| Adani Enterprises | 3100.00 |
| Rashi Peripheral | 795.65 |
| PDS | 345.75 |
| View more.. | |
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