INDIAN industrialist gautam Adani is seeking a loan of INR75 billion rupees (US$1 billion) to refinance existing debt of Mumbai's international airport, reports Bloomberg.
Barclays and JPMorgan Chase are among banks in discussions to provide the funds to Adani Airport Holdings, sources say. Deutsche Bank is also in talks, another said.
Mumbai International Airport has a debt of INR80 billion, the people said, who asked not to be identified as the information is private.
A refinancing package would come after Adani Airport in August agreed to acquire the debt of GVK Airport Developers, which owns about 50.5 per cent of the airport in the Indian financial hub. In February, Adani Airport completed the purchase of a 23.5 per cent stake in the Mumbai airport by buying out two South African companies.
Barclays, Deutsche Bank and JPMorgan declined comment, as did Adani and GVK.
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Barclays and JPMorgan Chase are among banks in discussions to provide the funds to Adani Airport Holdings, sources say. Deutsche Bank is also in talks, another said.
Mumbai International Airport has a debt of INR80 billion, the people said, who asked not to be identified as the information is private.
A refinancing package would come after Adani Airport in August agreed to acquire the debt of GVK Airport Developers, which owns about 50.5 per cent of the airport in the Indian financial hub. In February, Adani Airport completed the purchase of a 23.5 per cent stake in the Mumbai airport by buying out two South African companies.
Barclays, Deutsche Bank and JPMorgan declined comment, as did Adani and GVK.
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