Latest news with #AdaniAirportsHoldingsLtd
Time of India
6 days ago
- Business
- Time of India
Adani Airports raises $750 mn via ECBs from international banks
NEW DELHI: Adani Airports Holdings Ltd (AAHL) Wednesday said it has raised $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. Tired of too many ads? go ad free now The company says it will 'use the proceeds to refinance existing debt, invest in infrastructure upgrades, and capacity expansion across the six airports — 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 is India's largest private airport operator (in terms of number of airports it operates) and a subsidiary of Adani Enterprises Limited. The company saw 9.4 crore passengers in FY 2024–25 with an overall capacity of 11 crore passengers which it aims to triple to 30 crore 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 2 crore passengers annually in the first phase, with capacity expanding up to 9 crore annually in a phased manner. AAHL CEO Arun Bansal said: 'The trust placed in us by leading global financial institutions underscores the long-term 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 prioritising sustainability and community engagement across its airport network…. remain committed to delivering customer-centric solutions and building world-class airport infrastructure that sets global benchmarks. ' 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. Tired of too many ads? go ad free now AAHL was incorporated in 2019 as a 100% subsidiary of Adani Enterprises Ltd, the flagship company of the Adani Group. It operates airports in Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram. AAHL also holds 74% in Mumbai International Airport Ltd, which, in turn, holds 74% in Navi Mumbai International Airport Ltd. With eight airports in its portfolio, AAHL accounts for 23% of passenger footfalls and over 29% of India's air cargo traffic.
Business Upturn
6 days ago
- Business
- Business Upturn
Adani Airports secures USD 750 million in global financing to boost next growth phase
By Aditya Bhagchandani Published on June 4, 2025, 10:57 IST Adani Airports Holdings Ltd (AAHL), a subsidiary of Adani Enterprises Ltd, has raised USD 750 million via External Commercial Borrowings (ECB) from a consortium of international banks led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank. According to the media release submitted by Adani Enterprises on June 4, 2025, the funding will be used to refinance an existing USD 400 million debt, with the remainder earmarked for growth capital expenditure across six of its airports — Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram — and to scale up its non-aero businesses including retail, food & beverage, duty-free, and service offerings. AAHL handled 94 million passengers in FY25 and operates with a total capacity of 110 million. The company aims to triple this to 300 million passengers annually by 2040. The Navi Mumbai International Airport, part of this roadmap, is expected to become operational shortly with an initial capacity of 20 million, expanding up to 90 million passengers per year in later phases. AAHL CEO Arun Bansal said, 'The trust placed in us by leading global financial institutions underscores the long-term value and potential of India's aviation infrastructure.' Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
