A consortium of global investors, including Temasek and Alpha Wave Global, is in discussions to invest $1.3 billion in Adani Airport Holdings (AAHL), which values the company at approximately $18 billion (Rs 1.51 lakh crore). This potential investment reflects confidence in the growth of air traffic in India, the world's most populous country. However, the negotiations face challenges, including unresolved differences over valuation, with Adani's management reportedly seeking a premium exceeding $20 billion. Additionally, some investors are requesting structured investment options with guaranteed returns, which the Adani Group has declined. If successful, this would be AAHL's first equity fundraising from external parties. The deal's finalization is also contingent on the outcome of legal proceedings against Adani Group's chairman, Gautam Adani, and his nephew, Sagar Adani, regarding allegations of bribery and fraud. Recent reports suggest that the U.S. Department of Justice may drop these charges, potentially clearing the way for the investment. AAHL operates eight airports across India, serving 23% of the country's passenger traffic, and is planning significant capital expenditures to enhance its infrastructure, including a Rs 40,000 crore budget for FY27.