The transaction follows Adani Enterprises’ Rs 15,000-crore qualified institutional placement in July 2026.Adani Airport Holdings Limited (AAHL), the airport arm of Adani Enterprises Limited, has entered into binding agreements to raise around $1 billion (Rs 9,825 crore) in primary equity from a consortium of leading domestic and global investors, the company said Wednesday.The investment will value AAHL at a pre-money equity valuation of around $18 billion, providing an external institutional valuation benchmark for the airport platform. The consortium comprises Alpha Wave Global, Premji Invest, Temasek and funds managed by BlackRock.After completion of the transaction, which will be carried out in three tranches, the investors will collectively hold approximately 5.54 per cent in AAHL. The final tranche is expected to be completed by July 2027, the company said.The fresh capital will be used primarily to expand and modernise airport infrastructure across AAHL’s portfolio, develop integrated airport-city ecosystems and scale passenger-facing and other non-aeronautical businesses, including ground handling.AAHL said the investment would support its plans to increase airport capacity to serve around 200 million passengers annually. The company also plans around 22 million square feet of mixed-use development in the first phase of its Adani Airport City projects around its airports.The airport operator said the investments are expected to deepen commercial monetisation, improve passenger experience and strengthen its integrated airport ecosystem. The funding comes at a time when India’s aviation sector is entering a phase of sustained passenger growth, capacity expansion and infrastructure investment.The transaction follows Adani Enterprises’ Rs 15,000-crore qualified institutional placement in July 2026, described by the company as India’s largest QIP by a non-financial corporate. AAHL said the two transactions reflect continued access by the Adani portfolio to long-term domestic and global institutional capital.Story continues below this ad“This partnership marks an important milestone in building out the Adani Airports platform, and we are privileged to have such marquee, long-term investors alongside us on this journey,” Jeet Adani, non-executive director of AAHL, said.He said expansion in air connectivity could catalyse trade, tourism, employment and regional development beyond airports, adding that the company would continue to invest in infrastructure, city-side developments and non-aeronautical businesses.AAHL CEO Arun Bansal said the company aimed to scale AAHL into the world’s largest airports platform, citing growth opportunities in India, rising consumer spending and the momentum of city-side developments in major urban centres.AAHL manages eight airports across India, according to the company. It serves more than 23 per cent of India’s total passenger traffic and operates an integrated platform covering aeronautical operations, passenger-facing non-aeronautical offerings and city-side development.