FCC

Adani’s Mumbai Airport Wins $750 Mn Apollo Backing

2025-06-26

Mumbai International Airport Ltd (MIAL), a subsidiary of Adani Airport Holdings, has raised $750 million through four-year unsecured notes placed with affiliates of Apollo-managed funds and other long-term investors. The proceeds will refinance existing borrowings, and the structure allows for a further $250 million tap if required.

Earlier this month Adani Airport Holdings, the aviation arm of Adani Enterprises, secured another $750 million from a syndicate of global banks. According to a June Bloomberg report, the division is due to be spun off and listed by March 2027, giving investors a clear exit horizon.

Adani Airport Holdings operates eight airports nationwide and is overseeing the forthcoming Navi Mumbai International Airport, a strategically situated gateway slated to open soon. The fresh capital and debt optimisation are expected to strengthen the group’s balance sheet as it prepares for the public listing.