Adani Enterprises subsidiary Mumbai International Airport to raise US$1.25B through issuance of Notes

The pricing, tenure and other terms of the Notes to be issued will be determined by the Authorized Signatories of the Issuer.

Adani Enterprises subsidiary Mumbai International Airport to raise US$1.25B through issuance of Notes
Chhatrapati Shivaji Maharaj International Airport (Mumbai International Airport). Photo: iStock.

The board directors of Mumbai International Airport Limited (Issuer), a step-down subsidiary company of Adani Enterprises Limited, at its meeting held recently, has approved the issuance of US Dollar-denominated Rule 144A/ Reg S Senior Secured Fixed Rate Bonds (“Notes”), which may be issued in one or more tranches overseas and that might be listed in any one or more stock exchanges in India or abroad.

Adani Enterprises Limited (AEL) is the flagship company of the Adani Group, one of India's largest business organizations. Over the years, Adani Enterprises has focused on building stellar infrastructural assets contributing to nation-building. The company aims to be a world-class leader in businesses that enrich lives and contribute to nations in building infrastructure through sustainable value creation.