Adani Airport Holdings has successfully raised ₹195 Crore (approximately $232.72 million) through a domestic bond issue. The bonds, rated A+, will pay a monthly coupon of 9.35%. This marks the largest bond issue by the company since the Hindenburg Research report in January 2023.
The funds raised will be used to repay investments made by the Airports Authority of India in six airports before they were acquired by the Adani Group. Anchor investors include SBI Equity Hybrid Fund, Aditya Birla Finance, and Aditya Birla Sunlife Mutual Fund.
Raising ₹19.5 billion (195 crores) helps Adani Airport Holdings manage its debt and improve liquidity, which is crucial for maintaining financial stability and investor confidence.
The funds will be used to repay investments made by the Airports Authority of India in six airports, facilitating smoother operations and potential future expansions.
Moreover, successfully raising such a substantial amount through bonds, especially after the scrutiny from the Hindenburg Research report, demonstrates strong market confidence in Adani Group’s financial health and business prospects.
This move aligns with Adani Group’s broader strategy to expand its footprint in the airport sector, enhancing its infrastructure capabilities and competitive edge.
Through a concession agreement with the Airports Authority of India, Adani Airport has acquired six airports — Ahmedabad, Guwahati, Jaipur, Lucknow, Mangalore, and Thiruvananthapuram.
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