Adani Airports to raise $1 bn at $18 bn valuation

Adani Airport Holdings said it will raise about $1 billion (Rs 9,825 crore) from investors including Temasek, BlackRock funds, Alpha Wave Global and Premji Invest, valuing the firm at about $18 billion.

• 1AAHL will raise around $1 billion (Rs 9,825 crore) in primary equity, the company said.
• 2Investors will collectively hold about 5.54% of AAHL after the transaction.
• 3AAHL manages eight airports serving more than 23% of India's total passenger traffic.