Adani Airports Raises $1 Billion from Global Investors for Mumbai Airport Expansion

Mumbai, June 24, 2025 — In a landmark move for India’s aviation sector, Adani Airports Holdings Ltd. (AAHL) has secured $1 billion in financing from leading global investors to support the modernization and expansion of Mumbai International Airport.

The financing package includes the issuance of $750 million in unsecured bonds, maturing in 2029, with an additional option to raise $250 million—bringing the total potential funding to $1 billion. The bond issuance, rated investment-grade BBB-stable, marks India’s first such rating for a private airport operator.

The funds will be used to upgrade airport infrastructure, boost capacity, accelerate digitization, and enhance sustainability programs—key pillars in AAHL’s ambitious growth strategy. The company aims to transform Mumbai Airport into a global aviation hub, targeting net-zero emissions by 2029.

The transaction was spearheaded by Apollo Global Management-managed funds, with participation from global institutions such as BlackRock, Standard Chartered, and others—demonstrating strong international confidence in the long-term potential of India’s airport sector.

“This financing milestone highlights our commitment to creating world-class airports and delivering long-term value to all stakeholders,” said Arun Bansal, CEO of Adani Airports Holdings. “It reinforces our focus on sustainable infrastructure, customer-centric services, and digital innovation.”

The deal is also expected to fuel broader expansion plans, as AAHL prepares to bring Navi Mumbai International Airport online, while pursuing a vision to triple its airport capacity by 2040. The company also continues to explore a potential IPO for its airport business by 2027, signaling confidence in the long-term demand for modern aviation infrastructure across India.

Industry experts see this as a landmark moment, reflecting the growing maturity of India’s private airport sector and its ability to attract long-term global capital.