Shares of Adani Enterprises hit a fresh 52-week high of Rs 683, up 7 per cent on the BSE, in the intra-day trade on Monday after Adani Airports completed acquisition of 23.5 per cent stake in Mumbai Airport. Adani Airport Holdings (AAHL), the flagship holding company of Adani Group for its airports business and a wholly owned subsidiary of Adani Enterprises, has acquired 23.5 per cent equity stake, i.e. 282 million equity shares of Rs 10 of Mumbai International Airport, from ACSA Global and Bid Services Division (Mauritius) for Rs 1,685.25 crore, Adani Enterprises said in a regulatory filing. MIAL is engaged in the business of development, construction and operation of Chhatrapati Shivaji Maharaj International Airport. This acquisition forms part of the transaction pursuant to which AAHL proposes to acquire controlling interest in MIAL, it added.
Adani Enterprises signs concession agreement with AAI for 3 airports daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
Updated Jan 19, 2021 | 12:52 IST
Three Adani airports – Ahmedabad, Mangaluru and Lucknow were accredited in the Airports Council International (ACI) Airport Health Accreditation programme Adani Enterprises signs concession pact for 3 airports in Jaipur, Guwahati, Thiruvananthapuram | Photo Credit: BCCL
New Delhi: Adani Enterprises has signed a concession pact for three airports in Jaipur, Guwahati and Thiruvananthapuram. The company informed in a regulatory filing on Tuesday that the concession period for operating the three airports is 50 years from the commercial operation date.
The regulatory filing stated, Adani Jaipur International Airport Limited, Adani Guwahati International Airport Limited and Adani Thiruvananthapuram International Airport Limited, wholly-owned subsidiaries of the Company have signed the Concession Agreement on 19th January 2021 with Airports Authority of India for the Operations, Management and development of Jaipu
Adani signs concession agreement with AAI for three airports
Posted On: 2021-01-18 23:53:55 (Time Zone: Arizona, USA)
Adani Jaipur International Airport Limited, Adani Guwahati International Airport Limited and Adani Thiruvananthapuram International Airport Limited, wholly-owned subsidiaries of the Company have signed the Concession Agreement on 19th January, 2021 with Airports Authority of India for the Operations. Management and development of Jaipur, Guwahati and Thiruvananthapuram Airports respectively.
The concession period is 50 years from the commercial operation date.
Shares of ADANI ENTERPRISES LTD. was last trading in BSE at Rs.507.25 as compared to the previous close of Rs. 527. The total number of shares traded during the day was 228546 in over 4477 trades.