Ahmedabad – September 12, 2026 -- Adani Airport Holdings Limited (AAHL) has signed binding agreements to raise ₹9,825 crore (~USD 1 billion) in primary equity capital from Alpha Wave Global, Premji Invest, Temasek and BlackRock managed funds, valuing the airports platform at a pre-money equity valuation of ~USD 18 billion.
Investor consortium to hold 5.54% stake after three tranches
Under a Share Subscription Agreement and Shareholders' Agreement, the investors will subscribe to new AAHL equity shares across three tranches, with the final tranche due for completion by July 2027. Once all tranches close, the consortium will collectively hold approximately 5.54% of AAHL, a subsidiary of Adani Enterprises Limited (AEL) and one of India's largest private airport operators.
Capital to fund capacity for 200 million annual passengers
Proceeds will finance airport infrastructure expansion and modernisation to serve roughly 200 million passengers annually, alongside development of ~22 million sq. ft. of mixed-use space in the first phase of the integrated Adani Airport City ecosystem. The funds will also scale AAHL's ground handling and other non-aeronautical businesses.
Deal follows AEL's record ₹15,000 crore QIP in July 2026
The transaction builds on AEL's ₹15,000 crore qualified institutional placement completed in July 2026, described as India's largest QIP by a non-financial corporate. Company representatives said the two transactions together reflect sustained access by the Adani portfolio to long-term domestic and global institutional capital.
"India's aviation sector is one of the most powerful multipliers of the country's GDP growth,