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SBI Underwrites Mumbai Airport Project Debt – Deccan Herald

Adani last year took over the Mumbai and Navi Mumbai airport projects from the GVK Group


The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad
Adani Group in a statement said, "There is no change in either the schedule or the issue price [of the FPO]." Photo: Reuters

 

India’s Adani Group has achieved financial closure for the greenfield airport project in Navi Mumbai with State Bank of India underwriting its entire 127.7 billion rupee ($1.7 billion) debt requirement, Deccan Herald reported, citing an Adani statement.

Adani last year took over the Mumbai and Navi Mumbai airport projects from the GVK Group. Jeet Adani, a Navi Mumbai director, said: “With this facility from the SBI, we have moved a step closer to providing Mumbai with another landmark utility.”

 

Read the full report: Deccan Herald

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.