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 : HAL Delivers First AL-31FP Aero Engine to IAF Under New ContractMoreover, 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.
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