Adani Secures $1 Billion for Mumbai Airport Development
Adani Group's airport arm has secured $1 billion from global investors to fund the Mumbai International Airport. The funding was led by Apollo-managed funds with significant contributions from BlackRock and Standard Chartered. This is India's first IG-rated private bond in the airport infrastructure sector.
- Country:
- India
Adani Group's airport arm has clinched a $1 billion financing deal from international investors for the development of Mumbai International Airport, as announced on Tuesday.
The transaction was spearheaded by Apollo-managed funds, with pivotal participation from BlackRock-managed funds and Standard Chartered, showcasing global confidence in India's burgeoning infrastructure prospects and Adani Airports' operational platform.
Adani Airports Holdings Limited, a wholly-owned subsidiary of Adani Enterprises Ltd and India's leading private airport operator, secured this monumental financing through a project finance structure for Mumbai International Airport Ltd. This marks India's first investment-grade private bond issuance in the airport infrastructure sector.
(With inputs from agencies.)
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