Latest news with #AdaniAirportHoldings
NDTV
4 days ago
- Business
- NDTV
Adani Airports Gets $1 Billion Financing For Mumbai International Airport
Mumbai International Airport Ltd, a subsidiary of Adani Airport Holdings, has secured a $750 million investment from a group led by affiliates of Apollo-managed funds and other long-term backers, the US private capital group said on Monday. The four-year unsecured notes will be used to refinance existing debt, with an option to raise an additional $250 million, Apollo said in a statement. Adani Airports Holdings, the airport division of Adani Enterprises, secured a $750 million investment earlier this month from a consortium of international banks. The unit is expected to be spun off and listed by March 2027, according to a Bloomberg report from June. Adani Airport Holdings currently operates eight airports across India and also oversees the Navi Mumbai International Airport, a strategically located project on the outskirts of Mumbai set become operational soon.
Business Recorder
4 days ago
- Business
- Business Recorder
Adani's Mumbai Airport inks $750 million deal with Apollo-led investor group
Mumbai International Airport Ltd, a subsidiary of Adani Airport Holdings, has secured a $750 million investment from a group led by affiliates of Apollo-managed funds, and other long-term backers, the U.S. private capital group said on Monday. The four-year unsecured notes will be used to refinance existing debt, with an option to raise an additional $250 million, Apollo said in a statement. Adani Airports Holdings, the airport division of Adani Enterprises, secured a $750 million investment earlier this month from a consortium of international banks. The unit is expected to be spun off and listed by March 2027, according to a Bloomberg report from June. India's Adani Group in talks with sovereign funds to raise $2.6bn, Business Standard reports Adani Airport Holdings currently operates eight airports across India and also oversees the Navi Mumbai International Airport, a strategically located project on the outskirts of Mumbai set become operational soon. Adani Airport Holdings and Adani Enterprises did not immediately respond to requests for comment outside of business hours.
New Straits Times
5 days ago
- Business
- New Straits Times
Adani's Mumbai Airport inks US$750mil deal with Apollo-led investor group
KUALA LUMPUR: Mumbai International Airport Ltd, a subsidiary of Adani Airport Holdings, has secured a US$750 million investment from a group led by affiliates of Apollo-managed funds and other long-term backers, the US private capital group said on Monday. The four-year unsecured notes will be used to refinance existing debt, with an option to raise an additional US$250 million, Apollo said in a statement. Adani Airports Holdings, the airport division of Adani Enterprises, secured a US$750 million investment earlier this month from a consortium of international banks. The unit is expected to be spun off and listed by March 2027, according to a Bloomberg report from June. Adani Airport Holdings currently operates eight airports across India and also oversees the Navi Mumbai International Airport, a strategically located project on the outskirts of Mumbai set become operational soon. Adani Airport Holdings and Adani Enterprises did not immediately respond to requests for comment outside of business hours.
Time of India
14-06-2025
- Business
- Time of India
Turkey connection behind Air India crash? Baba Ramdev hints at sabotage
Following the Ahmedabad plane crash, Yoga guru Baba Ramdev has alleged a potential foreign conspiracy, pointing fingers at a Turkish agency responsible for the aircraft's maintenance. Amid growing scrutiny over aviation safety, Ramdev's remarks come after Adani Airport Holdings terminated agreements with Turkish firm Celebi, citing national security concerns. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads In the wake of the tragic Ahmedabad plane crash , Yoga guru Baba Ramdev has alleged a potential foreign conspiracy, raising concerns over foreign involvement in India's aviation to reporters, Ramdev raised suspicion that a Turkish agency was responsible for the maintenance and servicing of the ill-fated aircraft. He hinted that the crash may not have been purely accidental.'I got to know that an agency from Turkiye used to take care of the maintenance and service of the aircraft,' he said.'India will have to keep a close eye on the aviation sector. There is a possibility of a conspiracy by that agency. India must stop the interference of foreign companies in such sensitive matters.'While Ramdev did not provide evidence to support his claims, his remarks come amid growing scrutiny over aviation safety and maintenance protocols following the incident. Adani Airport Holdings had terminated the ground handling concession agreements with Turkish firm Celebi for the Mumbai and Ahmedabad decision came after Central government revoked the security clearance of Turkish ground-handling company Celebi NAS Airport Services, citing national security concerns."Following the Government of India's decision to revoke Celebi's security clearance, we have terminated the ground handling concession agreements with Celebi at Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) and Ahmedabad's Sardar Vallabhbhai Patel International Airport (SVPIA). Accordingly, Celebi has been directed to immediately hand over to us all ground handling facilities to ensure uninterrupted operations," Spokespersons, Mumbai & Ahmedabad Airports said in a news agency PTI also reported that Air India planning to scale back the number of wide-body aircraft it sends to Turkish Technic for heavy maintenance, in light of recent geopolitical developments involving Turkiye's support for Pakistan and condemnation of India's strikes on terror Campbell Wilson said the airline is sensitive to national sentiment and will recalibrate its maintenance strategy accordingly. While some aircraft will still be sent overseas for MRO (Maintenance, Repair, and Overhaul) due to capacity constraints in India, Air India will increasingly divert business to other regions like the Middle East, Southeast Asia, and the and recovery teams continued scouring the site of one of India's worst aviation disasters for a third day after the Air India flight fell from the sky and more than 270 people in Gujarat state, officials said London-bound Boeing 787 struck a medical college hostel in a residential area of Ahmedabad minutes after takeoff Thursday, killing 241 people on board and at least 33 on the ground. One passenger survived.
Bloomberg
11-06-2025
- Business
- Bloomberg
Adani Plans Airport Unit IPO by 2027, Hastens $100 Billion Capex
Billionaire Gautam Adani's group is gearing up to list its airports unit by 2027, as part of an ambitious growth plan that entails investing $100 billion across businesses over the next few years. Adani Airport Holdings Ltd., India's largest private-sector airport operator, will likely be spun off and listed by March 2027, according to Adani Group executives who spoke on the condition of anonymity as the details aren't public. Currently owned by the flagship Adani Enterprises Ltd., the firm operates eight Indian airports and will be opening a new terminal on the outskirts of Mumbai in a few months time.
