The Adani Group has invested close to $1 billion in Navi Mumbai International Airport Ltd, in a bid to start operations by December next year, two people with direct knowledge of the development said.
Of the ₹8,625 crore (approximately $991 million) invested in the Navi Mumbai airport so far, Adani has made an equity infusion of ₹1,710 crore. It has also raised ₹2,900 crore in term loans from a consortium of banks, while an additional ₹3,655 crore equity came from the City and Industrial Development Corporation of Maharashtra Ltd (Cidco), a city planning agency in Maharashtra, these people said. Adani and Cidco will invest an additional ₹1,511 crore as the project moves ahead.
"The due diligence by the banks has been recently completed, which was followed by the investment," said one of the two people.
Bu hikaye Mint Mumbai dergisinin October 30, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin October 30, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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