Latest news with #ArunBansal
The Print
a day ago
- Business
- The Print
Adani Airports clinches USD 750-mn global financing to power next phase of growth
AAHL, a subsidiary of Adani Enterprises Ltd, raised USD 750 million via external commercial borrowings (ECB) from a consortium of international banks, the company said in a statement. The proceeds to be utilised towards refinancing of the existing USD 400 million debt, and the remaining towards growth capex of six of its airports and AAHL's non-aero business. New Delhi, Jun 4 (PTI) Adani Airports Holdings Ltd (AAHL), India's largest private airport operator, on Wednesday said it has secured USD 750 million in financing from a consortium of international banks, including First Abu Dhabi Bank, Barclays, and Standard Chartered, to finance the next phase of growth. The transaction was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank. 'The proceeds will be used to refinance existing debt, invest in infrastructure upgrades, and capacity expansion across the six airports viz. Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram; scale the non-aeronautical businesses, including retail, F&B, duty free and services across the airport network,' it said. AAHL handled 94 million passengers in FY25 with an overall capacity of 110 million passengers. The firm said it aims to triple capacity to 300 million 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 20 million passengers in the first phase, with capacity expanding up to 90 million annually in a phased manner, significantly boosting the Mumbai region's aviation infrastructure,' it said. AAHL operates eight airports across India, including the Navi Mumbai International Airport. '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,' AAHL CEO Arun Bansal said. 'As we continue our journey, AAHL remains committed to being the gateway to goodness, delivering customer-centric solutions and building world-class airport infrastructure that sets global benchmarks in service and sustainability.' Latham and Watkins LLP and Linklaters LLP acted as English Law counsel to the transaction, Cyril Amarchand Mangaldas and TT&A acted as Indian law counsel to the transaction. AAHL is India's largest airport infrastructure company, accounting for 23 per cent of passenger footfalls and over 29 per cent of India's air cargo traffic. PTI ANZ ANZ TRB TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
New Indian Express
a day ago
- Business
- New Indian Express
Adani Airports raises 750 million dollars to refinance debt, expand capacity
MUMBAI: Adani Airports Holdings has raised 750 million dollars through External Commercial Borrowings (ECB) from a consortium of international banks. The funds will be used to refinance existing debt, invest in infrastructure upgrades, and expand capacity at six airports—Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. The borrowed amount will also support the growth of non-aeronautical businesses, such as retail, food and beverage, duty-free, and other services across the airport network. The transaction was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank. Adani Airports Holdings, a subsidiary of Adani Enterprises and the country's largest private airport operator, served 94 million passengers in the financial year 2024–25. The company's total handling capacity currently stands at 110 million passengers, and it plans to triple this figure to 300 million passengers per year by 2040 through phased expansion. As part of this growth plan, the Navi Mumbai International Airport is expected to become operational soon. It will initially handle 20 million passengers, with capacity set to increase to 90 million annually in later phases. 'AAHL is well on its path to deliver exceptional customer experiences, leveraging technology for seamless operations, and prioritizing sustainability and community engagement across its airport network,' said Arun Bansal, CEO of AAHL. Latham and Watkins LLP and Linklaters LLP acted as English law counsel for the deal, while Cyril Amarchand Mangaldas and TT&A served as Indian legal advisors.
India Gazette
2 days ago
- Business
- India Gazette
Adani Airports clinches USD 750 mn global financing to power next phase of growth
Ahmedabad (Gujarat) [India], June 4 (ANI): Adani Airports has raised USD 750 million via External Commercial Borrowings (ECB) from a consortium of international banks, says the company in a statement on Wednesday. The transaction was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank. The proceeds will be used to refinance existing debt, invest in infrastructure upgrades, and capacity expansion across the six airports operated by the group viz. Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. The non-aeronautical businesses like Retail, F&B, Duty Free and services across the airport network will be scaled up. As per the company, Adani Airports has served 94 million passengers in FY 2024-25 with an overall capacity of 110 million passengers, further, it aims to triple capacity to 300 million 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 20 million passengers in the first phase, with capacity expanding up to 90 million annually in a phased manner, significantly boosting the Mumbai region's aviation infrastructure. '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,' said Arun Bansal, CEO of AAHL. He further added, 'As we continue our journey, AAHL remains committed to being the Gateway to Goodness, delivering customer-centric solutions and building world-class airport infrastructure that sets global benchmarks in service and sustainability'. Adani Airports was incorporated in 2019 as a 100 per cent subsidiary of Adani Enterprises Ltd, the flagship company of the Adani Group. In line with its vision to be the global leader in integrated infrastructure and transport logistics, the Adani Group made its maiden venture into the airports sector by emerging as the highest bidder for the operation, management, and development of the above mentioned six airports and have signed concession agreements with the Airports Authority of India to develop all six airports. (ANI)
Time of India
2 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
2 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.
