Adani's Mumbai Airport inks $750 million deal with Apollo-led investor group

Adani Airport Holdings currently operates eight airports across India and also oversees the Navi Mumbai International Airport project.

People wait to board their flight at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, May 30, 2025. / REUTERS/Francis Mascarenhas

Mumbai International Airport Ltd, a subsidiary of Adani Airport Holdings, has secured a $750 million investment from a group led by affiliates of Apollo-managed funds and other long-term backers, the U.S. private capital group said on June 23.

The four-year unsecured notes will be used to refinance existing debt, with an option to raise an additional $250 million, Apollo said in a statement.

ALSO READ: India's Adani denies sanctions evasion or Iran LPG trade after WSJ reports US probe

Adani Airports Holdings, the airport division of Adani Enterprises, secured a $750 million investment earlier this month from a consortium of international banks.

The unit is expected to be spun off and listed by March 2027, according to a Bloomberg report from June.

Adani Airport Holdings currently operates eight airports across India and also oversees the Navi Mumbai International Airport, a strategically located project on the outskirts of Mumbai set to become operational soon.

Adani Airport Holdings and Adani Enterprises did not immediately respond to requests for comment outside of business hours.

Comments

This is a Premium Article, available exclusively to our subscribers.

Read 500+ such News or articles every month by subscribing today!
Monthly

Free

Limited Access

Limited View

Free weekly E-Paper

Subscribe Now
Monthly

$10

Full Access

Unlimited View

Free weekly E-Paper

Free daily newsletter

Subscribe Now
Annual

$50

Full Access

Unlimited View

Free weekly E-Paper

Free daily newsletter

Subscribe Now
Start the conversation

Become a member of New India Abroad to start commenting.

Sign Up Now

Already have an account? Login