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

The group has option to raise another $200 million under the existing facility

Adani Airport Holdings (AAHL), a wholly owned subsidiary of Adani Enterprises, has raised $250 million (approximately Rs 1,950 crore) from a consortium of Standard Chartered and Barclays Bank, with the option to raise another $200 million (approximately Rs 1,560 crore), it said in a statement on Monday.

The funds raised through a senior secured three-year external commercial borrowing facility are to be used for capital expenditure (capex) and the development of the six airports it manages under public-private partnership.

This transaction marks the completion of the first step of the capital management plan of AAHL, which also includes plans to tap the