The 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.
The transaction values AAHL, one of India’s biggest private airport operators, at a pre-money equity valuation of USD 18 billion.
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, the company said in a statement.
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 nonaeronautical businesses including ground handling business, it added.
The transaction follows Adani Enterprises successful Rs 15,000 crore qualified institutional placement (QIP) in July 2026, India’s largest QIP by a non-financial corporate.
“This 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,” said Jeet Adani, Non-Executive Director, Adani Airport Holdings Ltd.
“India’s aviation sector is one of the most powerful multipliers of the country’s 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’s leading integrated airport platforms,” he added.
“We will continue to build capabilities within AAHL to scale it into the world’s largest airports platform,” said Arun Bansal, CEO, Adani Airport Holdings.
“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. We are deeply grateful to our partners for their confidence and look forward to continuing on this path together as we build a truly world-class airport platform for India,” he said.
Adani Airport Holdings currently manages eight airports across India, serving over 23 per cent of India’s total passenger traffic. It manages and develops an integrated airports platform spanning aeronautical operations, passenger-facing non-aeronautical offerings and city-side development.
The key advisors to the transaction were Cyril Amarchand Mangaldas, AZB & Partners, JSA Advocates and Solicitors, TT&A Advocates and Solicitors, Jefferies India Private Ltd, SBI Capital Markets Ltd and Ernst & Young LLP.
