Investments by Alpha Wave Global, Premji Invest, Temasek and BlackRock managed funds value AAHL at US$ 18bn
The transaction values AAHL at a pre-money equity valuation of ~US$ 18bn and represents one of the largest primary equity investments from financial institutions in India’s airport infrastructure sector.
The participation of a consortium of long-term domestic and global investors represents a significant institutional endorsement of AAHL’s scale, operating capabilities and long-term growth potential.
Long-duration institutional capital
The investment brings long-duration institutional capital into the business at a time when India’s aviation sector is entering a sustained phase of passenger growth, capacity expansion and infrastructure investment.
The proceeds will support three strategic priorities: expanding and modernising airport infrastructure across AAHL’s portfolio; accelerating the development of integrated Adani Airport City ecosystems around its airports with development of ~ 22mn sqft. of mixed-use development planned in the first phase; and scaling passenger-facing and other non-aeronautical businesses including our ground handling business.
These investments are expected to increase capacity to serve ~ 200mn passengers annually, deepen commercial monetisation, enhance passenger experience and further strengthen AAHL’s integrated airport ecosystem.
Important milestone
“This partnership marks an important milestone in building out the Adani Airports platform, and we are privileged to have such marquee, long-term investors alongside us on this journey. With the backing of these partners, we will continue to invest ahead of that growth, scaling our infrastructure, city-side developments and non-aeronautical businesses to build one of the world’s leading integrated airport platforms,” explained Jeet Adani, Non-Executive Director, Adani Airport Holdings.
“This ambition is buoyed by the exponential growth opportunities across India, the rising spending power of the Indian consumer, and the momentum of our city-side developments as powerful economic catalysts in the country’s major urban centres,” reiterated Arun Bansal, CEO, Adani Airport Holdings Limited.
