Adani’s Mumbai Airport Unit Secures $750M Investment from Apollo-Led Group

Mumbai International Airport Ltd (MIAL), a key subsidiary of Adani Airport Holdings under Adani Enterprises (NSE: ADEL), has secured a $750 million investment from a consortium led by affiliates of Apollo Global Management. The investment, structured as four-year unsecured notes, aims to refinance existing debt and includes an option to raise an additional $250 million.

This marks a major funding milestone for Adani Airport Holdings, which earlier this month also secured financing from a group of international banks. The company currently operates eight airports across India, including key hubs in Mumbai and Ahmedabad, and is overseeing the development of Navi Mumbai International Airport—an upcoming project expected to significantly boost regional connectivity.

The Navi Mumbai project, strategically located near India’s financial capital, is expected to become operational soon, further strengthening Adani’s position in the country’s aviation sector. According to a Bloomberg report from June, Adani Airport Holdings is projected to be spun off and listed by March 2027.

Apollo, a major U.S. private capital firm, highlighted that the long-term backers involved in the deal signal strong confidence in Adani’s infrastructure vision. While Adani Enterprises and its airport division have not yet commented publicly on the deal, the move aligns with the group’s broader strategy to expand its transport and infrastructure portfolio.

As India continues to experience rapid growth in air travel, the capital infusion into MIAL reflects investor optimism about the future of aviation and infrastructure in the region. The partnership with Apollo reinforces Adani’s ability to attract global capital and underscores the strategic importance of Mumbai’s international airport as a regional aviation hub.