Adani's airport unit raises $750 mn for capacity push

ADANI AIRPORTS HOLDINGS (AAHL), India's second biggest airport operator in terms of passengers handled, has raised $750 million through external commercial borrowings from a consortium of international banks.

- SWARAJ BAGGONKAR

The transaction was led by First Abu Dhabi Bank, Barclays and Standard Chartered Bank. The proceeds will be used to refinance existing debt, infrastructure upgrades investments, as well as for capacity expansion.

The borrowings will help enhancement in capacity for AAHL's six airports located at Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram.