Adani Airport Holdings raises Rs 1,950 crore through biggest bond issue
This move aligns with Adani Group’s broader strategy to expand its footprint in the airport sector, enhancing its infrastructure capabilities and competitive edge.
Adani Airport Holdings raises Rs 1,950 crore through biggest bond issue
New Delhi: India's Adani Airport Holdings has raised Rs 1,950 crore ($232.72 million) through the largest domestic bond issue since US short-seller Hindenburg Research accused its parent group of improper use of offshore tax havens and stock manipulation.
SBI Equity Hybrid Fund, Aditya Birla Finance, and Aditya Birla Sunlife Mutual Fund are the anchor investors and have invested Rs 285 crore, Rs 100 crore and Rs 50 crore, respectively, according to sources.
The funds will be used to repay investments made by the Airports Authority of India in six airports, enabling smoother operations and potential future expansions.
Read Also : KIOCL Concludes Hindi Pakhawada with Enthusiastic CelebrationsMoreover, successfully raising such a substantial amount through bonds, especially after the scrutiny from the Hindenburg Research report, demonstrates strong market confidence in Adani Group’s financial health and business prospects.
This move aligns with Adani Group’s broader strategy to expand its footprint in the airport sector, enhancing its infrastructure capabilities and competitive edge.
Through a concession agreement with the Airports Authority of India, Adani Airport has acquired six airports — Ahmedabad, Guwahati, Jaipur, Lucknow, Mangalore, and Thiruvananthapuram.
Read Also : Women Leads PowerGrid's Tughlakabad SubstationNews Must Read
- NHPC CMD highlights critical importance of dams in India's water management
- NTPC Mining delivers stellar performance in Half Yearly of FY2024-25
- HAL Delivers First AL-31FP Aero Engine to IAF Under New Contract
- HAL’s Advanced Light Helicopter all set for ONGC Offshore Missions
- NHPC Signs MoU with Government of Rajasthan for Rs 50,000 Cr Renewable Energy Projects
- RITES secures $4.28M International Contract from Tsiko Africa
- RVNL stocks mild recovers amid bagging Rs 180 crore order
- Indian Oil Withdraws Rs 22,000 Crore Rights Issue
- Cochin Shipyard Limited Recruitment 2024: Check Salary, Last date to Apply
- Bharat Petroleum Unveils Game-Changing Bharat Hi-Star PNG Stove