Adani Airport Holdings Limited (AAHL) is a 100% subsidiary of Adani Enterprises Limited (AEL), incorporated to serve as the holding entity for the Adani Group's airport infrastructure business. AAHL holds 49% equity in six airports — Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram (remaining 51% held by AEL) — and directly/indirectly holds ~73% in Mumbai International Airport Limited (MIAL), which in turn holds 74% in Navi Mumbai International Airport Private Limited (NMIAL, commenced operations December 2025).
The company manages the non-aeronautical (non-aero) businesses across all these airports through joint ventures with leading retail, food & beverage, duty-free, and duty-paid operators. The six airports together handled 39.32 million passengers in FY25. With a 50-year concession period per airport, AAHL is executing a ~₹31,000 crore (INR310 billion) capex plan across FY26–FY29 to expand combined capacity to ~78 million passengers by FY30.
Adani Airport Holdings To Raise Rs 15 Billion Through Three Year Bonds
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15 weeks ago
Adani Airport Holdings has announced plans to raise Rs 15 bn (15,000 mn) through a three-year bond issue to fund operations at six airports. The proposed private placement aims to bolster the company’s short-term funding and support capital expenditure requirements across the airport portfolio.