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India’s Adani Airport Holdings Ltd completes capital raising
May 10th 2022
India-based Adani Airport Holdings Ltd (AAHL), which has eight airports in its management and development portfolio, has raised a US$250 million senior secured three-year facility from a Standard Chartered Bank and Barclays Bank PLC consortium. Read More » The facility includes an option to raise another US$200 million, Adani said in a regulatory filing to India's BSE exchange. This latest facility follows AAHL's announcement last week that its Mumbai International Airport Ltd (MIAL) subsidiary had raised US$750 million through a private placement with Apollo. Another subsidiary, Navi Mumbai International Airport Limited (NMIAL), has raised US$1.74 billion from India's domestic banking system. “The first phase of our capital management plan is now set in motion with the funding of AAHL, MIAL and NMIAL. We now will focus on scaling up the business of our airports to be one of the largest airport platforms globally," an Adani spokesperson said.
