Adani Group initiates talks to spin off airport biz, launch IPO

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

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Adani Group controls Mumbai airport as well as six regional facilities and is aiming at a valuation of Rs 25,500-29,200 crore for the businessAdani Group controls Mumbai airport as well as six regional facilities and is aiming at a valuation of Rs 25,500-29,200 crore for the business
BusinessToday.In
  • 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).

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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).

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