Start learning 50% faster. Sign in now
Adani Airport Holdings Limited (AAHL), a wholly owned subsidiary of Adani Enterprises, has raised $250 million (approximately 1,950 crore) from a consortium of Standard Chartered and Barclays Bank. The funds raised through a senior secured three-year external commercial borrowing facility are to be used for capital expenditure (capex) and the development of the six airports it manages under public-private partnership. This transaction marks the completion of the first step of the capital management plan of AAHL. Adani Group has raised over $9 billion in offshore bonds for its port, power transmission, and green energy businesses in the past five years. The group is already the biggest private airport operator in India, running seven airports — Mumbai, Ahmedabad, Jaipur, Luck now,Guwahati, Mangaluru, and Thiruvananthapuram. The latest debtraising comes on the back of $750 million (5,850 crore) raised through a private placement by Mumbai International Airport last week for refinancing and capex.
Which Indian state's residents are exempt from paying income tax due to specific constitutional provisions?
Which international group adopted a framework document on climate and sustainable development during a forum held in Russia in August 2024?
Where has the Indian Army recently established the first Apache combat helicopter squadron near the Pakistan border?
In which country has PhonePe launched UPI services recently?
Match the following personalities with their positions:
Reserve Bank of India (RBI) would bring in greater transparency in the resetting of the interest rate on equated monthly installments (EMI) for floating...
Who was the chief guest at the 75th Republic Day Celebration in 2024?