Synovus Financial weighs merger options after drawing interest - Bloomberg
Investing.com-- Indian billionaire Gautam Adani’s conglomerate is preparing to list its airports business by March 2027 as part of an accelerated $100 billion investment plan, Bloomberg reported on Wednesday, citing unnamed Adani Group executives.
Adani Airport Holdings Ltd., currently housed under the flagship Adani Enterprises Ltd (NSE:ADEL), operates eight airports in India and will soon open a new terminal near Mumbai. It is expected to be spun off and listed within three years, the Bloomberg report said.
The group now aims to deploy the $100 billion in capital spending over five to six years, rather than a decade as previously outlined. The funds will support expansion in energy, logistics, and infrastructure, according to the Bloomberg report.
The group plans to raise $30 billion from domestic and international lenders, with the remainder sourced from internal accruals and newer assets, the report said.
The announcement signals a return to growth mode for the conglomerate, following regulatory scrutiny and allegations by Hindenburg Research and a U.S. bribery probe, both of which Adani denied.