Adani Airports raises $250 mn for airports development

Adani Airport Holdings Ltd (AAHL), a wholly-owned subsidiary of Adani Enterprises raised $250 million for development of airports. AAHL announced the closure of funding of a $250 million senior secured 3-year external commercial borrowing (ECB) facility from a consortium of Standard Chartered Bank (SCB) and Barclays Bank PLC. The facility has an option of raising another $200 million.

This funding is in line with AAHL’s vision of providing a transformational airport infrastructure platform, it said.

We are focussed on delivering high quality infrastructure access to our consumers both through physical and digital channels. The first phase of our capital management plan is now set in motion with the funding of AAHL, MIAL and NMIAL, and we will now focus on scaling up the airports business into one of the largest airport platforms globally, said an AAHL spokesperson.

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