 
                  
Adani Airports raises $250 mn to develop airports
Adani Airport Holdings, a wholly owned subsidiary of Adani Enterprises, on Monday said it has raised USD 250 million to develop six airports in the country.
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Adani Airport Holdings, a wholly owned subsidiary of Adani Enterprises, on Monday said it has raised USD 250 million to develop six airports in the country.
 
                  
 
                  
Adani Airports Holdings Ltd. (AAHL) is in plans to raise Rs 7,500 crore by divesting stake in its airports business. It is in talks with Middle East Sovereign Funds and Qatar Investment Authority for investment in consideration for private equity.
 
                  
The addition of the Mumbai International Airport (MIAL) and the Navi Mumbai International Airport to the portfolio of Adani Airports Holdings Ltd. will provide "a transformational platform that will help shape and create strategic adjacencies for our other B2B businesses," Gautam Adani, Chairman, Adani group, said in a press statement. "This acquisition helps us redesign the way we will serve our customer base and bridge our B2C and B2B business models."
 
                  
Adani Airport Holdings (AAHL) will acquire a stake of 23.5% in Mumbai International Airport (MIAL). It will acquire also the debt of GVK Airport Developers.
