Adani Airport Holdings plans to IPO within two to three years, aiming to boost revenues and stabilize Navi Mumbai.

Adani Airport Holdings Limited (AAHL) plans to go public within the next two to three years, aiming to achieve three main goals first: stabilizing Navi Mumbai, developing the area around the airport, and boosting non-aeronautical revenue. These efforts are expected to increase AAHL's EBITDA from $300 million to $1 to $1.5 billion. Jeet Adani, the company's director, also noted that airline consolidation in India has mixed effects on airports. AAHL's strong performance has contributed to Adani Enterprises Ltd's record-breaking half-year results, with a 2.5 times increase in net profit and 14% revenue growth.

November 19, 2024
4 Articles

Further Reading