Adani Airports to Raise Approximately $1 Billion in Primary Equity from Global Major Investors

Adani Airports Holdings Limited (AAHL) has entered into a binding agreement to raise 9.825 billion Indian Rupees (approximately $1 billion) of primary equity capital from a consortium of leading domestic and global investors. This transaction values AAHL’s pre-money equity at around $18 billion, establishing a significant external institutional valuation benchmark for the airport platform. The investor alliance comprises Alpha Wave Global, Premji Invest, Temasek, and funds managed by BlackRock. Upon completion of all three tranches, the investors will collectively hold about 5.54% of AAHL’s shares. The proceeds will be utilized to support airport modernization and capacity expansion, servicing around 200…