Adani Airports raises $1B to scale airport-city and passenger-services infrastructure
Adani Airports Holdings says it has raised about $1 billion at an implied $19 billion post-money valuation, funding airport modernisation, ground handling and 22 million sq ft of airport-city mixed-use development across its Indian network.
What happened
Adani Airport Holdings Limited · Adani Airports raised about $1 billion, valuing it at roughly $19 billion post-money. The capital will expand and modernise its
Key facts
- About $1 billion fresh equity raised
- About $18 billion pre-money valuation
- About $19 billion implied post-money equity value
- Investors to hold about 5.54% collectively
- Annual airport capacity target: about 200 million passengers
- Eight airports operated
- Roughly 25% of India's passenger traffic
- About one-third of India's air-cargo volumes
- About 22 million square feet of first-phase airport-city mixed-use projects
- Rs 15,000 crore Adani Enterprises QIP in July
Why this matters
Retail, hospitality and travel-services companies should assess partnerships or site acquisitions within Adani’s planned 22 million sq ft of mixed-use airport development.
Also reported by
- YourStory · Capital — Same time