Mumbai International Airport: Adani Airports acquires 23.5% stake for ₹1,685 crore
Under the proposed deal, AAHL bought 28,20,00,000 equity shares in MIAL, it said in the regulatory filingPremium
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Adani Airport Holdings (AAHL), a wholly owned subsidiary of Adani Enterprises, has acquired 23.5 percent stake in Mumbai International Airport (MIAL) from ACSA Global (ACSA) and Bid Services Division (Mauritius), or Bidvest, for ₹1,685.25 crore, the company said in a regulatory filing.
Under the proposed deal, AAHL bought 28,20,00,000 equity shares in MIAL, it said in the regulatory filing. In continuation of our earlier intimation dated 31st August, 2020, we would like to inform that AAHL has acquired 23.5 percent equity stake i.e. 28,20,00,000 equity shares of ₹10 of MIAL from ACSA and Bidvest, AAHL said.
Adani Airport Holdings Ltd (AAHL), the flagship holding company of the Adani group for its airports business, has acquired an additional 23 per cent stake in Mumbai International Airport Ltd (MIAL) from ACSA Global Ltd (ACSA) and Bid Services Division (Mauritius) Ltd or Bidvest for Rs 1,684.25 crore.
With this, the Gautam Adani-led group will have a 74 per cent stake in MIAL with the rest being held by the Airports Authority of India (AAI).
In August, the group had said it would acquire GVK Airport Developers’ (GVKADL) 50.50 per cent stake in MIAL. The group had then said that it was also looking to buy out the 23.5 per cent stake held by Airports Company of South Africa or ACSA and Bidvest.
Adani Group completes acquisition of 23.5% stake in Mumbai Airport; to hike ownership to 74%
Adani Airport Holdings (AAHL), a subsidiary of Adani Enterprises, has acquired 23.5 per cent equity stakes in Mumbai International Airport from ACSA Global and Bid Services Division (Mauritius) for Rs 1,685.2 crore
BusinessToday.In | February 7, 2021 | Updated 18:15 IST
Adani Airport Holdings acquires 23.5% stake in Mumbai International Airport
Billionaire Gautam Adani-led Adani Group has completed acquisition of 23.5 per cent equity stake in Mumbai International Airport Limited (MIAL) from Airports Company South Africa (ACSA) and Bid Services Division (Mauritius) Limited for Rs 1,685.2 crore. The Indian multinational conglomerate is set to extend shareholding to 74 per cent in MIAL, a joint venture between the Airports Authority of India and GVK Industries, which would provide the Group ownership of the upcoming Navi Mumbai airport, in which MIAL holds majority stake.
Adani Airports buys 23.5% stake in Mumbai International Airport for $224.6m
Adani group chairman Gautam S. Adani. Photographer: Tomohiro Ohsumi/Bloomberg Premium
Adani Airport Holdings (AAHL), a wholly owned subsidiary of Adani Enterprises, has acquired 23.5 percent stake in Mumbai International Airport (MIAL) from ACSA Global (ACSA) and Bid Services Division (Mauritius), or Bidvest, for ₹1,685.25 crore, the company said in a regulatory filing.
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