Adani Airport Holdings Ltd (AAHL), a subsidiary of Adani Enterprises, is exploring a potential $1 billion equity fundraising from global investors, marking its first external equity round.

While no final decision has been made, the move is under consideration depending on market conditions. The business, valued at around $20 billion, has attracted interest from investors in the US, Middle East, and Australia. AAHL is India’s largest private airport operator, managing seven airports including Mumbai and Lucknow, and is constructing Navi Mumbai airport, expected to open in August. In FY25, AAHL handled 94 million passengers, up 7% year-on-year. With air traffic projected to grow at a 9% CAGR, Adani aims to expand further through domestic and international acquisitions focused on high Indian diaspora traffic. A public listing is planned in two to three years. The fundraising would enhance AAHL’s long-term growth and strengthen its global footprint in aviation infrastructure.