Adani Group plans airport IPO by 2027
Adani Group plans to take its airport business, Adani Airport Holdings Ltd., public, aiming to boost passenger capacity to 200 million a year by 2030—matching India's fast-growing aviation scene.
They're planning to invest $15 billion to make it happen.
What does the company do?
Adani Airport Holdings is India's biggest private airport operator, operating several airports including Mumbai, Ahmedabad, Jaipur, and Lucknow.
Since picking up six airports in the 2020 privatization wave, they've been expanding terminals and runways.
Other details
A new Navi Mumbai airport is set to open in December 2025. The $15 billion expansion will be funded mostly through debt (70%) and some equity (30%).
Adani also has its eye on bidding for 11 more airports as India aims for a network of 400 airports by 2047.