Temasek, Alpha Wave eye $1.3bn in Adani Airports at $18bn valuation
Consortium led by Temasek and Alpha Wave Global is in talks to inject $1.3 billion into Adani Airport Holdings, which commands a 23% passenger share across eight Indian airports. Capital backs Rs 17,000 crore airport capex and city-side retail build-out at Mumbai and Navi Mumbai.
Temasek and Alpha Wave Global lead a consortium in talks to invest $1.3 billion in Adani Airport Holdings at an $18 billion valuation, funding airport-retail and city-side development across eight Indian airports including Mumbai and Navi Mumbai.
Why this matters
Follows Adani's hospitality push with IHG to build 5 airport hotels and 1,500+ rooms across 4 Indian cities, signaling a broader pivot to non-aero retail and real estate revenue.
Retail-company signals steady at 2,137 over the last 90 days.