Global investors including Temasek and Alpha Wave Global are negotiating a $1.3 billion investment in Adani Group’s airports business, valuing Adani Airport Holdings at about $18 billion. The consortium is expected to include four investors, though two identities are unverified. Talks face hurdles: Adani’s management wants a steep premium and has rejected requests for structured, assured returns. Any equity fundraise may also depend on a forthcoming US DOJ decision on bribery and fraud allegations against Gautam Adani.
Adani Airports has partnered with MakeMyTrip to launch a new duty-free pre-booking service for international travellers. Passengers can browse over 14,000 products from 100+ brands and reserve their duty-free purchases before reaching Adani-managed airports. The move is designed to cut down on airport waiting time while offering exclusive online deals for both departing and arriving travellers.
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