Adani Gives Temasek Smooth Exit From Air India Turbulence

Adani Gives Temasek Smooth Exit From Air India Turbulence

Adani Group has offered Temasek a strategic exit route from its troubled Air India investment by bringing the Singapore sovereign fund into Adani Airports, where Temasek now joins BlackRock, Premji Invest, and Alpha Wave in a $1 billion equity deal. This effectively shifts Temasek’s exposure from the loss-making Air India to Adani’s fast-growing airport platform.Notably, Temasek itself never directly invested in Air India. Its exposure came thro…