Adani Airports Bags $750 Million – But Is It Just Fancy Debt in a Gucci Suit?

🟢 At a Glance:

Adani Airports Holdings Ltd (AAHL) just raised a chunky $750 million from foreign banks. Why? Partly to pay back old loans, partly to build better airports. But behind the glamorous numbers, the real question is: Are they expanding smartly or just rolling over expensive debt with fancier labels?

💰 The Jumbo Deal

• Amount Raised: $750 million
• Via: External Commercial Borrowings (ECB)
• Lenders: First Abu Dhabi Bank, Barclays, Standard Chartered
• Advisors: Latham & Watkins (English law), Cyril Amarchand (Indian law), others

🛫 Purpose of the Loan:

🏗️ Which Airports Will Get the Glow-Up?

Adani’s makeover plans include these 6 airports:

• Ahmedabad
• Lucknow
• Mangaluru
• Jaipur
• Guwahati
• Thiruvananthapuram

Plus, Navi Mumbai International Airport (NMIA) is on the way.