NEW DELHI: Adani Airports Holdings (AAHL) Wednesday said it has raised $750 million via external commercial borrowings from a consortium of international banks. The transaction was led by First Abu Dhabi Bank, Barclays, and Standard Chartered Bank. The company says it will “use the proceeds to refinance existing debt, invest in infrastructure upgrades, and capacity expansion across six airports -Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram, scale non-aeronautical businesses, including retail, F&B, duty free and services across airport network”AAHL is India’s largest private airport operator (in terms of number of airports it operates) and a subsidiary of Adani Enterprises. The company saw 9.4 crore passengers in 2024-25, with an overall capacity of 11 crore passengers.
Trending
- Trump-Musk rift rattles Wall Street; Tesla share slide exposes market fragility; major indexes take a hit
- Real estate market: Major listed firms sell over Rs 1 lakh crore properties; Godrej leads
- Delhi infrastructure project: Centre approves Rs 24,000-crore plan to decongest Delhi; Tunnel to link Mahipalpur to Vasant Kunj
- Tata Steel new plant: $1.5-billion electric arc furnace facility to come up at Port Talbot; UK government gives 500 million pounds
- RBI repo cut effect: HDFC slashes lending rates by 10 bps; new rates already in effect
- Jamie Dimon-led JPMorgan issues stern warning! Job hopping analysts to be fired; ‘if you accept a position with..’
- Myntra goes global: Online retailer launches first international platform in Singapore; targets Indian diaspora
- Market valuation: Mcap of 9 of 10 most valued firms jumps Rs 1 lakh crore; Reliance leads the way
- ‘Not a good indicator, what counts is…’: India overtaking Japan to be 4th largest economy no reason to be smug; WEF ex-MD serves reality check
- RBI repo reduction effect: Bank of Baroda cuts lending rate to 8.15%; Cheaper loans for homes and cars