Adani Airport to sell 5.5% stake to BlackRock funds, Temasek, others
This story was originally published at 09:50 IST on 9 September 2026
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--Adani Airport to sell 5.5% stake to several investors including BlackRock
--Adani Airport to sell stake to BlackRock funds, Temasek
--Adani Airport to sell stake to PI Opportunities fund, Alpha Wave III
--Adani Airport plans to raise INR 98.25 bln by selling 5.5% stake investors
--Adani Airport to use stake sale money for airport modernisation, scale ops
MUMBAI – Adani Enterprises Ltd.'s wholly-owned subsidiary Adani Airport Holdings Ltd. plans to raise funds by selling up to 5.54% stake to several investors including four BlackRock funds and Temasek. Other investors include PI Opportunities fund and Aplpha Wave III, Adani Enterprises said in an exchange filing Wednesday.
Adani Airport plans to raise $1 billion or around INR 98.25 billion through this stake sale, which is expected to complete in three tranches by July. This transaction values Adani Airport Holidings at $18 billion as per pre-money equity valuation.
"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 ~22 million sq. ft. of mixed-use development planned in the first phase; and scaling passenger-facing and other non-aeronautical businesses including our ground handling business," the company said in a press release. "These investments are expected to increase capacity to serve ~ 200 million passengers annually, deepen commercial monetisation, enhance passenger experience and further strengthen AAHL's integrated airport ecosystem."
Adani Airports will issue the shares only after getting shareholders' approval, the filing said. For the June quarter, the company had reported a consolidated net loss of INR 11.60 billion on revenues of INR 329.24 billion. At 0944 IST, its shares traded at INR 3,053.70 on the National Stock Exchange, up 3.4% from Tuesday. End
Reported by Anshul Choudhary
Edited by Akul Nishant Akhoury
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