Adani Group initiates talks to spin off airport biz, launch IPO
The Gautam Adani-led group will likely raise $500 million through a private placement of shares in Adani Airports Holdings prior to an eventual IPO

- Jun 10, 2021,
- Updated Jun 10, 2021 10:21 AM IST
The Adani Group has started initial discussions to hive off its airport business from holding firm Adani Enterprises Ltd.
It is said to be the port-to-power conglomerate's first move towards listing the unit. The Gautam Adani-led group will likely raise $500 million through a private placement of shares in Adani Airports Holdings prior to an eventual IPO (initial public offering).
The Adani Group has started initial discussions to hive off its airport business from holding firm Adani Enterprises Ltd.
It is said to be the port-to-power conglomerate's first move towards listing the unit. The Gautam Adani-led group will likely raise $500 million through a private placement of shares in Adani Airports Holdings prior to an eventual IPO (initial public offering).