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The Adani Group currently has six companies listed on the Indian stock exchanges. If listed, the Adani Group will have seven infrastructure companies and one consumer business with public shareholding. The addition of two more companies on the stock exchanges could help Gautam Adani beat Mukesh Ambani as the richest Indian. The Adani Group is now reportedly planning to list two more of its bus.
The Adani Group is planning to hive off its airport business from the holding company Adani Enterprises. According to media reports, the plan is to list the airport business unit separately and raise USD 500 million via a private placement of shares in Adani Airports Holdings before launching a fina
Adani Airport becomes the largest airport company; caters 10% of India s traffic
May 05, 2021
The company has taken a ₹4,197 crore long-term debt in FY21
Adani Airports Holding said that it has now become the ‘Largest Indian airport platform’ by catering to at least 10 per cent of India’s air passenger traffic. It has reached over 200 million consumer base in FY 2020.
This includes a non-passenger customer base of 120 million with a breakup of 80 million ‘Meet and Greeters’ and 40 million ‘City Side’ customers.
To reach this goal, Adani Airports has taken a ₹4,197 crore long-term debt in FY21.
Adani Airports has won bids for six airports. It also took over Mangaluru, Lucknow and Ahmedabad Airports in Q3 FY21 and operations of Mumbai International Airports Ltd (MIAL) by acquiring a 23.50 per cent stake in Q4 FY21 from ACSA and Bidvest.