Adani Airports Holdings (AAHL), a subsidiary of Adani Enterprises and India’s largest private airport operator, has raised US$ 750 million via External Commercial Borrowings from a consortium of international banks. The financing was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank. 

Of the total funds, US$ 400 million will be used to refinance existing debt, while the remainder will support growth capex across six airports—Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram—and expansion of AAHL’s non-aeronautical verticals including retail, food and beverage, duty-free and airport services. 

AAHL handled 94 million passengers in FY 2024–25, with a current capacity of 110 million. It aims to triple this to 300 million passengers per year by 2040. The soon-to-be-operational Navi Mumbai International Airport will add 20 million passengers in Phase 1, eventually scaling up to 90 million annually. 

Latham and Watkins LLP and Linklaters LLP advised as English law counsel, while Cyril Amarchand Mangaldas and TT&A were Indian legal advisors.