Thiruvananthapuram, June 4 -- Adani Airports Holdings Ltd (AAHL), India's largest private airport operator and a subsidiary of Adani Enterprises Limited, has raised USD 750 million via External Commercial Borrowings (ECB) from a consortium of international banks.
The transaction was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank, a release said on Wednesday.
The proceeds will be used to refinance existing debt, invest in infrastructure upgrades, and capacity expansion across the six airports viz Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram; scale the non-aeronautical businesses, including Retail, F&B, Duty Free and services across the airport network.
AAHL served 94 million passengers in...