Adani to launch IPO of its airport business

Adani Group has started initial talks to divide its airport business from holding entity Adani Enterprises (AEL) in a bid to enter the entity separately. The multinational conglomerate company is expected to raise $500 mn through a private placement of shares in Adani Airport Holdings (AAHL) before an IPO. The group entered the airport sector in 2019 and has made its presence in the airport business within 

two years. 

Contact: Adani Group.

Website: www.adani.com