Adani Airports Secures $1 Billion from Global Investors to Expand and Green Mumbai International Airport
Adani Airports Secures $1 Billion from Global Investors to Expand and Green Mumbai International Airport
Adani Airports Holdings Ltd (AAHL), a subsidiary of Adani Enterprises, has secured a landmark $1 billion in funding for the expansion and modernization of Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA). This significant financing not only marks a major milestone for India’s aviation sector but also reflects growing global investor confidence in India’s infrastructure story.
The deal is anchored by a $750 million issuance of unsecured bonds, maturing in July 2029, with an additional $250 million fundraising option built into the structure. The proceeds will be primarily used to refinance existing debt and bolster future capital expenditure for airport expansion, modernization, and sustainability initiatives.
In a first for India’s airport sector, the bond issuance is investment-grade rated (BBB-/Stable), setting a new precedent for private infrastructure funding in the country. Backed by MIAL’s stable cash flows and strong operations, the successful placement is a testament to the airport’s financial strength and future prospects.
Global investors including Apollo Global Management (lead investor), BlackRock-managed funds, and Standard Chartered participated in the funding round. Their involvement not only enhances Adani Airports’ financial credibility but also highlights growing international interest in India’s aviation infrastructure.
“This successful issuance validates the strength of the Adani Airports operating platform and reflects our long-term commitment to sustainable infrastructure,” said AAHL CEO Arun Bansal. “It positions us strongly for future growth while aligning with our goal of achieving net-zero emissions at CSMIA by 2029.”
AAHL currently manages eight airports across India and is also leading the development of the Navi Mumbai International Airport, slated to begin operations in the coming years. The group plans to spin off and list its airport business by March 2027.
Legal advisors on the transaction included A&O Shearman and Cyril Amarchand Mangaldas for MIAL, and Milbank LLP and Khaitan & Co for the investors.
Beyond strengthening CSMIA’s financial foundation, the funds will accelerate upgrades in digital infrastructure, green technologies, and emission reduction efforts, making this one of India’s most forward-looking airport development projects.
