Adani Airports Raises $1 Billion

AhmedabadInvestors valued Adani’s airports at $18 billion.

Global funds are betting on airport fees fliers in six Indian cities cannot avoid.

Adani won a 2019 India auction for the concessions, bidding a per-passenger charge it now collects for decades.

Adani says regulators set the passenger fees, though it has not disclosed the review schedule.

Sources: The Financial Express