📈 Adani Airports to Raise US$ 1 Bn Equity Fund

• Key Transaction Terms: Adani Airport Holdings Ltd. (AAHL) entered binding agreements to raise INR 98.25 Bn (~US$ 1 Bn) primary equity capital. Pre-money equity valuation stands at ~US$ 18 Bn. • Investor Consortium: Investment sourced from Alpha Wave Global, Premji Invest, Temasek, and BlackRock-managed funds, acquiring a collective ~5.54% stake via 3 tranches (closing July 2027). • Capital Utilization: Proceeds allocated to airport expansion to lift capacity to ~200 Mn annual passengers, developing 22 Mn sq. ft. of Adani Airport City mixed-use real estate, and scaling ground handling and non-aeronautical businesses. • Context & Market Position: Follows AEL's INR 150 Bn QIP in July 2026. AAHL currently operates 8 Indian airports, handling >23% of national passenger traffic. Boosts broader aviation connectivity, driving multiplier effects across tourism, trade, and regional employment.