India, June 24 -- Adani Airports Holdings Limited (AAHL), a wholly owned subsidiary of Adani Enterprises Ltd and India's largest private airport operator, has successfully raised USD 1 billion through a project finance structure for Mumbai International Airport Ltd (MIAL). This strategic move will support the airport's ongoing development, modernization, and capacity enhancement plans.
The financing includes the issuance of USD 750 million notes maturing in July 2029, aimed at refinancing existing debt. An additional USD 250 million may be raised under the same framework, bringing the total potential funding to USD 1 billion. This structure provides enhanced financial flexibility for MIAL's capital expenditure programs.
This marks India's...