BIAL Raises Rs 90 Billion in Landmark Airport Sector NCD Deal

05 Aug 2025 CW Team

Bangalore International Airport Limited (BIAL), the operator of Kempegowda International Airport (KIA), has successfully concluded the largest unlisted private placement of Non-Convertible Debentures (NCDs) in India’s airport sector, raising a total of Rs 90 billion.

The fundraising is structured in two tranches: the first tranche of Rs 43.62 billion was completed on 25 July 2025, and the second tranche of Rs 46.38 billion is expected to be finalised by early October 2025. SBICAPs acted as the sole arranger for the issuance.

Bhaskar Rao, Chief Financial Officer of BIAL, described the transaction as a major milestone for the airport operator. “This landmark issuance reflects strong investor confidence in our long-term vision and significantly strengthens our financial position ahead of our next phase of expansion,” Rao said.

He added that the refinancing would optimise BIAL’s capital structure. The long-tenure structure and improved credit rating are expected to deliver greater value to stakeholders, including passengers and airline partners, through improved affordability and expanded infrastructure.

The funds raised will support BIAL’s ongoing development and strategic growth initiatives, reinforcing Kempegowda Airport’s position as a key aviation hub in southern India.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..