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<\/div>\n<\/div>\n<\/div>\nNEW DELHI: India\u2019s largest private airport operator, Adani Airport Holdings Ltd (AAHL), has entered into binding agreements to raise Rs 9,825 crore (about $1 billion) of primary equity capital from a consortium of investors comprising Alpha Wave Global, Premji Invest, Temasek and BlackRock managed funds. The transaction values AAHL at a pre-money equity valuation of about $18 billion and is one of the largest primary equity investments from financial institutions in India\u2019s airport infrastructure sector. The latest transaction follows AEL\u2019s successful Rs 15,000 crore QIP in July 2026, which was India\u2019s largest QIP by a non-financial corporate.The company says these proceeds will support three strategic priorities: expanding and modernising airport infrastructure across AAHL\u2019s portfolio; accelerating the development of integrated Adani airport city ecosystems around its airports with development of about 2.2 crore square feet of mixed-use development planned in the first phase; and scaling passenger-facing and other non-aeronautical businesses including its ground handling business.The company manages eight airports across India \u2014 Mumbai, Navi Mumbai, Ahmedabad, Jaipur, Lucknow, Guwahati, Mangaluru and Thiruvananthapuram \u2014 handling over 23 per cent of India\u2019s total passenger traffic.\u201cThese investments are expected to increase capacity to serve 20 crore passengers annually, deepen commercial monetisation, enhance passenger experience and further strengthen AAHL\u2019s integrated airport ecosystem,\u201d AAHL, a subsidiary of Adani Enterprises Limited (AEL), said in a statement.AAHL non-executive director Jeet Adani said: \u201cThis 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. India\u2019s aviation sector is one of the most powerful multipliers of the country\u2019s GDP growth. Every expansion in air connectivity catalyses trade, tourism, employment and regional development well beyond the airport gate. 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\u2019s leading integrated airport platforms.\u201dAAHL and the investors have entered into a share subscription agreement and a shareholders\u2019 agreement pursuant to which the investors will subscribe to new equity shares of AAHL in three tranches, with the final tranche expected to be completed by July 2027. Upon completion of all three tranches, the investors will collectively hold approximately 5.54 per cent in AAHL.AAHL CEO Arun Bansal said: \u201cWe will continue to build capabilities within AAHL to scale it into the world’s largest airports platform. 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.\u201dThe key advisors to the transaction were Cyril Amarchand Mangaldas, AZB & Partners, JSA Advocates and Solicitors, TT&A Advocates and Solicitors, Jefferies India Private Limited, SBI Capital Markets Limited and Ernst & Young LLP. The transaction is subject to customary conditions precedent, including receipt of applicable approvals.<\/div>\n