Temasek, Alpha Wave eye $1.3 bn in Adani Airports at $18 bn valuation to fund city-side retail
A Temasek and Alpha Wave Global-led consortium is in talks to pump $1.3 billion into Adani Airport Holdings, which commands a 23% passenger share across eight airports. Capital will accelerate city-side retail build-out at Mumbai, Navi Mumbai, Ahmedabad, Lucknow and Jaipur, part of a Rs 17,000 crore airport capex plan.
Temasek and Alpha Wave Global-led consortium in talks to invest $1.3 billion in Adani Airport Holdings at $18 billion valuation, funding airport city-side retail development across Mumbai, Navi Mumbai, Ahmedabad, Lucknow and Jaipur.
Why this matters
Funding round follows Adani's recent IHG pact for 5 airport hotels with 1,500+ rooms, signaling a wider push into non-aero revenue via retail and hospitality at its airport hubs.
Retail-company activity steady at 2,136 signals over the last 90 days.