Adani Airports raises $250 million for capex, option for another $200 million

NEW DELHI: Preparing to embark on a major infra upgrade, Adani Airport Holdings Ltd (AAHL) has raised $250 million funding from a consortium of Standard Chartered and Barclays Bank with an option to raise another $200 million.

The wholly owned subsidiary of Adani Enterprises describes this as the “first milestone in its capital management plan”. Last week Mumbai International Airport Ltd (MIAL) had raised $750 million from Apollo, and achieved $1.7 billion financial closure for the upcoming Navi Mumbai Airport from the domestic banking system.

All together, AAHL has tapped three different pools of capital cumulating to $2.7 billion. It is now “geared for the next phase of its capital management plan which includes tapping the public