Adani’s Mumbai Airport Wins $750 Mn Apollo Backing
AVIATION & AIRPORTS

Adani’s Mumbai Airport Wins $750 Mn Apollo Backing

Mumbai International Airport Ltd (MIAL), a subsidiary of Adani Airport Holdings, has raised $750 million through four-year unsecured notes placed with affiliates of Apollo-managed funds and other long-term investors. The proceeds will refinance existing borrowings, and the structure allows for a further $250 million tap if required.

Earlier this month Adani Airport Holdings, the aviation arm of Adani Enterprises, secured another $750 million from a syndicate of global banks. According to a June Bloomberg report, the division is due to be spun off and listed by March 2027, giving investors a clear exit horizon.

Adani Airport Holdings operates eight airports nationwide and is overseeing the forthcoming Navi Mumbai International Airport, a strategically situated gateway slated to open soon. The fresh capital and debt optimisation are expected to strengthen the group’s balance sheet as it prepares for the public listing.

Mumbai International Airport Ltd (MIAL), a subsidiary of Adani Airport Holdings, has raised $750 million through four-year unsecured notes placed with affiliates of Apollo-managed funds and other long-term investors. The proceeds will refinance existing borrowings, and the structure allows for a further $250 million tap if required.Earlier this month Adani Airport Holdings, the aviation arm of Adani Enterprises, secured another $750 million from a syndicate of global banks. According to a June Bloomberg report, the division is due to be spun off and listed by March 2027, giving investors a clear exit horizon.Adani Airport Holdings operates eight airports nationwide and is overseeing the forthcoming Navi Mumbai International Airport, a strategically situated gateway slated to open soon. The fresh capital and debt optimisation are expected to strengthen the group’s balance sheet as it prepares for the public listing.

Next Story
Infrastructure Urban

Bandhan Bank Inaugurates 18 New Branches in Four States

Private lender Bandhan Bank announced that it had opened 18 new branches across four states in the country. Of these, seven branches were set up in Jharkhand, five in Andhra Pradesh, and three each in Bihar and Odisha.The bank stated that all the new branches would cater to semi-urban and rural areas in these states. With this expansion, the total number of Bandhan Bank’s banking outlets across the country has increased to 6,300.The bank’s management indicated that it remained committed to delivering exceptional customer service by tailoring its products and services to meet evolving custo..

Next Story
Infrastructure Urban

Progcap Targets Rs 30 Bn AUM, Rs 52 Bn Loans by Fiscal End

MSME-focused fintech Progcap is aiming to surpass assets under management (AUM) of Rs 30 billion by the end of the current financial year, supported by strong demand for formal credit from the Micro, Small and Medium Enterprises sector. The company, which secured its NBFC licence in 2022, has been recording significant growth and is targeting a 40–50 per cent increase in business this year.Progcap had closed with an AUM of Rs 20 billion at the end of March 2025 and expects this to rise by about 50 per cent to around Rs 30 billion by March 2026. The total loans sanctioned are anticipated to g..

Next Story
Infrastructure Urban

DGCA Begins Special Audit to Enhance Aviation Safety Standards

In addition to the core operators, the audit will cover technology providers, emergency response systems, supply chain networks, and regulatory oversight bodies to ensure end-to-end safety and compliance.According to a senior aviation official, DGCA teams, along with airport security personnel, have already completed audits at Mumbai and Delhi airports, and will next cover Bengaluru, Chennai, Kolkata, and other major airports. The findings of these audits remain confidential.All entities reviewed during the audit are required to submit a Corrective Action Plan (CAP) to the DGCA within 15 days...

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?