Adani Airports Plans $1 Billion Fundraising From Global Investors

Adani Enterprises has announced plans to raise approximately $1 billion by selling up to a 5.54% stake in its airport business. Investors include Temasek, BlackRock, Premji Invest and Alpha Wave. The transaction values Adani Airport Holdings at around $18 billion before the investment. The company plans to use the fresh capital to expand and modernise its airport network and related services.