India's Adani Airports, a division of billionaire Gautam Adani's conglomerate, will compete for more airports in the nation in an effort to overtake current airport operators Chief Executive Arun Bansal said today, March 22, 2023.
Adani Airports won the bids to run six airports in the government's most recent round of airport privatisation.
For the next years, India is anticipated to privatise about a dozen more airports, and Mr. Bansal stated that the group would take part in the auction.
Billionaire Gautam Adani and family have completed full prepayment of margin-linked, share backed funding worth USD 2.15 billion before a March 31 deadline, the company said Sunday.
Adani, also prepaid a USD 500 million loan facility taken to finance the acquisition of Ambuja Cements Ltd, whereby , the founders have completed prepaying USD 2.65 billion within six weeks, the company said.
Earlier in March, the Adani group said the founders had prepaid USD 902 million worth of borrowings backed by shares following another similar USD 1.1 billion prepayment in February.
Adani Group cancels work on Rs.34,900 crore Petchem project
