Bangalore International Airport Ltd (BIAL) has concluded largest unlisted private placement of non-convertible debentures (NCDs) raising total of ₹9,000 crore. The transaction is being undertaken in two tranches ₹4,362 crore completed on July 25 and ₹4,638 crore scheduled for early October 2025. With a 15-year tenure, refinancing allows BIAL to conserve capital and focus on future expansion plans.