Adani airport business to raise $1 billion through stake sale

Adani airport business to raise $1 billion through stake sale

Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port earlier in January 2023, in Haifa port, Israel January 31, 2023. REUTERS/Amir Cohen/File Photo

Indian conglomerate Adani Group said Wednesday that its airport unit would raise about $1 billion selling a minority stake to a group of investors including Singapore's Temasek and US firm BlackRock.