Adani group's Mumbai airport delays proposed dollar bond: Report

Financial market upheaval following Russia's invasion of Ukraine puts deal on hold.

Mumbai International Airport Ltd. has delayed a proposed dollar bond offering, according to people familiar with the matter, as market volatility prompts borrowers around the world to adjust their funding plans.

The operator of India’s second-largest airport had said in an exchange filing in late February that it would be meeting with investors for the proposed issuance. But the financial market upheaval following Russia’s invasion of Ukraine means the deal was put on hold, the people said, asking not to be identified because the discussions are private.

A spokesman for parent company Adani Group, controlled by one of India’s richest men, declined