Temasek, Alpha Wave eye $1.3 bn in Adani Airports at $18 bn valuation to fund city-side retail
A Temasek and Alpha Wave Global-led consortium is in talks to pump $1.3 billion into Adani Airport Holdings, which commands a 23% passenger share across eight airports. Capital will accelerate city-side retail build-out at Mumbai, Navi Mumbai, Ahmedabad, Lucknow and Jaipur, part of a Rs 17,000 crore airport capex plan.
What happened
Adani Airport Holdings Limited · Temasek and Alpha Wave Global-led consortium in talks to invest $1.3 billion in Adani Airport Holdings at $18 billion
Key facts
- $1.3 billion
- $18 billion valuation
- Rs 1.51 lakh crore
- 23% passenger share
- Rs 40,000 crore FY27 capex
- Rs 17,000 crore airports capex
Why this matters
Adani's funded retail expansion at Mumbai, Navi Mumbai, Ahmedabad, Lucknow and Jaipur opens a multi-city anchor-tenant and JV pipeline—lock in category exclusivity before the build-out crystallizes.