PE-VC Fund Investments
Adani Airports raises $1-B from Blackrock, Temasek, Alpha Wave, Premji Invest
Ahmedabad-based Adani Airports Holdings Ltd (AAHL) has raised $1 Billion in primary equity capital from Alpha Wave Global, Premji Invest, Temasek and BlackRock. The transaction, which provides the company a pre-money equity valuation of USD 18 Billion, will be completed in three tranches, with the final tranche expected to be completed by July 2027. Upon completion of all three tranches, the investors will collectively hold approximately 5.54% in AAHL.The legal advisors to the transaction were Cyril Amarchand Mangaldas, AZB & Partners, JSA Advocates and Solicitors, TT&A Advocates and Solicitors. Investment banking advisors included Jefferies India, SBI Capital Markets and Ernst & Young.AAHL manages eight airports, including Mumbai, which collectively handle 23% of the passenger traffic and 29% of the air cargo volume in India. The firm plans to use the new funds to support three priorities: expanding and modernizing airport infrastructure, accelerating the development of integrated airport city ecosystems, and scaling passenger-facing and non-aeronautical businesses, including ground handling. The investments are intended to increase capacity to serve approximately 200 million passengers annually.
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