Adani group raises $250 million debt to fund development at six airports

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Adani group raises $250 million debt to fund development at six airports

Adani bunch on Monday reported it has raised $250 long term obligation from Standard Chartered Bank and Barclays Bank for capital use at six air terminals that it oversees under a public private association.

The gathering has choice to raise one more $200 million under the current office, the organization said in an explanation.

The Adani bunch runs seven air terminals, including Mumbai, Ahmedabad, Guwahati, Jaipur, Lucknow, Mangaluru and Thiruvananthapuram.

While the Adani bunch took over Mumbai air terminal from GVK last year, it won the bid to work six Airport Authority of India (AAI) air terminals on long term rent. The gathering is

additionally fostering the Navi Mumbai air terminal.

"We are focussed on conveying excellent foundation admittance to our purchasers both through physical and computerized channels," Adani Airports Holding Limited (AAHL) representative said.

The most recent obligation bringing comes up in the rear of $750 million raised by Mumbai International Airport Limited last week for renegotiating and capex.

The gathering said that the primary period of its administration plan has been gotten going with reserves restricted for functional and under development air terminals.

"We will currently zero in on increasing the air terminals business into one of the biggest air terminal stages around the world," AAHL added.