Adani Airport Holdings Limited has executed binding agreements to raise ₹9,825 crore (~$1 billion) from Alpha Wave Global, Premji Invest, Temasek and BlackRock managed funds.

Cyril Amarchand Mangaldas advised Adani Airports on this transaction. The Firm's scope of work included structuring the transaction; drafting, negotiating and finalising the binding agreements; and undertaking due diligence on the target.

The transaction deal team was led by Subhalakshmi Naskar (Partner, Co-Head - Projects (Infrastructure)) and Anand Deshpande (Partner), with support from Yashasvi Raj (Associate).

The transaction due diligence team was led by Anand Deshpande, with support from Associates Hrishikesh Jaiswal, Yashasvi Raj, Anshum Agarwal, Prakhar Khandal, Soumya Modi and Trisha Choudhary.

L. Viswanathan (Senior Partner) provided overall guidance on the transaction.

Gathi Prakash, Aviral Sahai and Nidhi Asher (Partners) provided strategic inputs.

JSA Advocates and Solicitors acted for Temasek Holdings on this transaction.

The transaction was led by Vikram Raghani (Senior Partner), with assistance from Sayan Ghose (Partner), Farah Titina (Principal Associate), Reshma Oak (Principal Associate), Manoj Mohapatra (Senior Associate), Assocaites Yagnesh Sharma, Shaan Manata Bhatt, Niki Shah and Wyoma Chudasama.

Poonam Verma (Senior Partner) advised on aviation aspects.

Varghese Thomas (Senior Partner) advised on litigation aspects.

AZB & Partners acted for both Alpha Wave Global and Premji Invest on this transaction.

Adani Airports plans to invest the proceeds into modernizing its airports, rolling out 22 million sq ft of Adani Airport City developments in Phase 1, and growing its non-aeronautical and ground-handling ventures.

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