Adani Enterprises, the flagship company of the Adani Group of the country’s richest industrialist, Gautam Adani, is preparing to list Adani Airports on the stock exchange. Adani Airports’ IPO may come in the financial year 2027-28. At present, Adani Airports owns eight airports in the country, seven of which are operational. Work is going on at Navi Mumbai Airport, which will be completed by the end of this year.
This news has come to light, quoting CNBC-TV18. According to the report, Adani Enterprises may list its airport-related business on the stock exchange in 2027-28. The current financial year 2024-25, the Adani Group is preparing to raise 2 to 3 billion dollars through equity.
In 2019, Adani Airport Holdings Limited was formed as a 100% subsidiary of Adani Enterprises. The company entered this business after placing the highest bid for the operations, management and development of airports in Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. Adani Airports Holding Limited has a 73 percent holding at Mumbai International Airport. The same company has a 74 per cent stake in Navi Mumbai International Airports Limited. Adani Airports Holding Limited has a 25 per cent share in passenger footfall and a 33 per cent share in cargo traffic.
In today’s trading, Adani Enterprises’ stock closed at Rs 3171, down 0.74 percent. CLSA recently said in a report that the 54 stocks that will benefit from the Modi government’s policies include Adani Ports, Adani Enterprises, ACC, and Ambuja Cement of the Adani Group.
The listed stocks of the Adani Group have made huge profits for investors. As a result, investors are eagerly waiting for the IPO of Adani Airports.
