The Gautam Adani-led group will likely raise $500 million through a private placement of shares in Adani Airports Holdings prior to an eventual IPO The Adani Group has started initial discussions to hive off its airport business from holding firm Adani Enterprises Ltd.
It is said to be the port-to-power conglomerate’s first move towards listing the unit. The Gautam Adani-led group will likely raise $500 million through a private placement of shares in Adani Airports Holdings prior to an eventual IPO (initial public offering).
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