Adani Airports to raise ₹9,825 crore from global investors

Adani Airport Holdings will raise ₹9,825 crore through a primary equity investment from Alpha Wave Global, Premji Invest, Temasek and BlackRock-managed funds. The deal values the airport business at a pre-money equity valuation of $18 billion, with investors set to hold 5.54% after three tranches. Proceeds will fund airport modernisation, capacity expansion and Adani Airport City development.