Adani’s Mumbai Airport Unit Raises $750 Million from Global Investors

Mumbai International Airport Ltd (MIAL), a subsidiary of Adani Airport Holdings, has successfully raised $750 million from global investors through 4-year unsecured notes. The fundraising aims to refinance existing debt and boost capital expenditure for the airport’s ongoing development and sustainability goals. The initiative is expected to bolster financial flexibility while reinforcing the company’s commitment to environmentally responsible infrastructure.

Global Investors Back Adani Airport Platform

The funding round was led by Apollo-managed funds, with strong participation from a syndicate of leading institutional investors and insurance companies, including BlackRock-managed funds and Standard Chartered. Mumbai International Airport is managed by Adani Airport Holdings, itself a subsidiary of Adani Enterprises Ltd, the flagship company of Adani Group.

As per news reports, Arun Bansal, CEO of Adani Airports Holdings, said, "This successful issuance validates the strength of the Adani Airports’ operating platform, the robust fundamentals of Mumbai International Airport, and our commitment to sustainable infrastructure development. With participation from Apollo-managed funds and leading institutional investors, we are proud to deepen our access to global pools of capital."

Support for Expansion and Sustainability Targets

According to MIAL, the proceeds from this issuance will be primarily used to refinance existing debt. In addition, the capital structure includes an option to raise an additional $250 million. The funding framework is intended to enhance the financial flexibility required for the airport’s capital expenditure plans focused on development, modernisation, and capacity expansion.

Furthermore, this transaction will support MIAL’s long-term sustainability goals, specifically aiding its ambition to achieve net-zero emissions by 2029. The Mumbai International Airport operates under a public-private partnership model, with Adani Airport Holdings holding a 74% majority stake and the Airports Authority of India retaining 26%.

Read More: Adani Airports IPO Likely by 2027 Amid $100B Expansion Plan!

Conclusion

The successful $750 million fundraise signals strong global investor confidence in Adani Airport Holdings’ infrastructure strategy and MIAL’s operational strength. With a clear path toward expansion and sustainability, this move marks another milestone in the transformation of one of India’s busiest airports.

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