Adani Airport raises $1.04B from Temasek, BlackRock at $18B valuation

Adani Airport Holdings, India's largest private airport operator, is raising $1.04 billion from a consortium including Temasek, BlackRock, Alpha Wave Global, and Premji Invest, valuing the unit at $18 billion. The investment, expected to close by July 2027, signals continued institutional confidence in Adani Group assets despite past governance concerns. The deal strengthens Adani's balance sheet for airport expansion, though execution risks remain.