Adani Airport Holdings raises $250 million
Adani Airport Holdings Ltd (AAHL) on Monday said it has raised $250 million (Rs 1,935 crore) through a 3-year ECB facility from a consortium of Standard Chartered Bank (SCB) and Barclays Bank PLC.
The facility has an option to raise additional $200 million. The freshly raised capital will be used for capital expenditure and development of six airports, the company said in a release.
This transaction marks completion of the first step of the capital management plan of AAHL, which includes tapping the public capital markets to enable access to long-term capital sources for infrastructure development, it said.
