Adani Enterprises Contributes $750 Million through ECB to AAHL
Adani Enterprises said that a group of foreign banks had contributed $750 million through External Commercial Borrowings (ECB) to Adani Airports Holdings Ltd (AAHL), its subsidiary and private airport operator.
It further stated that Standard Chartered Bank, Barclays PLC, and First Abu Dhabi Bank spearheaded the deal.
According to the corporation, the money raised will be utilized to expand the capacity of the six airports—Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram—as well as refinancing current debt.
Additionally, the funds will be used to expand the non-aeronautical enterprises, such as duty-free, retail, food and beverage, and services throughout the airport network.
With a total capacity of 110 million passengers, AAHL has carried 94 million passengers in FY25. Through gradual growth, it plans to increase its capacity to 300 million passengers annually by 2040.
The Navi Mumbai International Airport is anticipated to open soon as part of this plan, adding 20 million passengers in the first phase and gradually increasing capacity to 90 million passengers yearly, greatly enhancing the aviation infrastructure in the Mumbai area.
Arun Bansal, CEO of AAHL, said, “AAHL is well on its path to deliver exceptional customer experiences, leveraging technology for seamless operations, and prioritizing sustainability and community engagement across its airport network.”
Also Read: Homegrown Ice Cream Brands that Can Cool You Off the Sweltering Heat
The business told the exchanges that Cyril Amarchand Mangaldass and TT&A served as the transaction's Indian legal counsel, while Latham and Watkins LLP and Linklaters LLP served as the transaction's English legal counsel.