Adani airport unit secures $750 million from bank consortium: Report
New Delhi: Adani Group’s flagship company, Adani Enterprises, has reportedly secured $750 million in financing for its airports unit from a consortium of international banks, including First Abu Dhabi Bank, Barclays, and Standard Chartered.
Part of the funds will be used by Adani Airports Holdings Ltd to refinance debt of $400 million, while the remainder will be invested in upgrading and expanding capacity at six airports, news agency Reuters quoted the company as saying.
Adani Airports Holdings operates eight airports nationwide, including the Navi Mumbai International Airport, located on the outskirts of India’s financial hub. The company expects the airport to become operational soon.
The operator served 94 million passengers in the fiscal year 2024-25 and aims to triple its overall capacity to 300 million passengers annually by 2040.
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Man arrested with Rs 2.54-crore heroin in Mumbai
Mumbai (PTI): Police have arrested a man and seized over 500 grams of heroin worth Rs 2.54 crore in the illicit market from him in Mumbai, officials said on Friday.
The police's Anti-Narcotics Cell (ANC) made the drug seizure in Santacruz in the western suburbs. The operation was conducted by the Kandivali unit of the ANC on Thursday as part of a special crackdown against drug trafficking in the area, they said.
Acting on specific inputs, an ANC team conducted a raid in Santacruz (East) and intercepted a man. During a search, the team recovered 508 grams of high-grade heroin from his possession, an official said.
The seized contraband, a highly addictive, opioid drug derived from morphine, is estimated to be worth Rs 2.54 crore in the international market, he informed.
Following the seizure, a case was registered against the man under relevant sections of the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, and he was formally placed under arrest in the early hours of Friday.
The police are currently investigating the source of the drug and trying to identify the intended recipients of the consignment, he said.
