Mumbai, Sept. 9 -- The investor consortium comprises Alpha Wave Global, Premji Invest, Temasek and BlackRock.

The transaction values AAHL at a pre-money equity valuation of approximately $18 billion. The investors will subscribe to new equity shares of AAHL in three tranches, with the final tranche expected to be completed by July 2027. Upon completion, the investor consortium will collectively hold around 5.54% in AAHL.

The proceeds will support airport modernisation and capacity expansion to serve approximately 200 million passengers annually, integrated Adani Airport City development of around 22 million sq. ft. of mixed-use development in the first phase and the continued scaling of AAHL's ground handling and non-aeronautical busine...