The Adani Group is preparing to demerger its airports business by 2027-28.
Reportedly, prior to the demerger, three critical conditions are to be met. These include the business being fully capable of financially supporting itself, having the required organisational capability to independently operate at board and management levels, and display the ability to consistently invest at a rate supporting its growth.
The announcement was made along with the Adani Enterprises Limited’s (AEL) launch announcement of its first public issuance of secured, rated, listed redeemable, non-convertible debentures. AEL aims to initially raise Rs 4 billion, with a green shoe option permitting an oversubscription of up to Rs 4 billion, hence taking the total potential to Rs 8 billion.