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Vacay in Malé amid COVID-19: Maldives reopens border to India; Mumbai International Airport offers 4 direct flights

Vacay in Malé amid COVID-19: Maldives reopens border to India; Mumbai International Airport offers 4 direct flights
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Adani Airport Holdings to own up to 98% stake in GVK Airport Developers

Adani Airport Holdings to own up to 98% stake in GVK Airport Developers According to a regulatory filing on Wednesday, AAHL, a wholly-owned subsidiary of Adani Enterprises Ltd, pursuant to the rights exercised by it as a lender of GVKADL, will hold 97.97 per cent of the paid up equity capital of GVKADL Debt held by AAHL (the principal amount of which is Rs 2165,57,00,000) in GVKADL has been converted into equity shares of GVKADL (Source: PTI) PTI Updated Jul 15, 2021, 8:31 AM IST AAHL, the flagship holding company of Adani Group s airport business, will hold nearly 98 per cent stake in GVK Airport Developers Ltd (GVKADL) pursuant to the rights exercised by it as a lender to the company. Adani Airport Holdings Ltd (AAHL) has already taken over the management control of Mumbai International Airport Ltd (MIAL), the operator of the country s second largest airport.

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Adani Group takes over Mumbai airport management, now controls 33% of India s air cargo traffic

Adani Group takes over Mumbai airport management, now controls 33% of India’s air cargo traffic The Adani Group has formally taken over the management of the Mumbai International Airport from the controls of the GVK Group. advertisement Adani Group on Tuesday said it has taken over the management of Mumbai international airport. At a time when the aviation sector is going through an all-time low owing to the pandemic, the Adani Group has formally taken over the management of the Mumbai International Airport from the controls of the GVK Group. With the addition of Mumbai airport, Adani Airport Holdings will now have control over 33% of India’s air cargo traffic.

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Adani Group Takes Over Management Of Mumbai Airport

Adani Group Takes Over Management Of Mumbai Airport The Group last August had announced that it would acquire GVK Group s stake in Mumbai airport. PTI 14 July 2021, Last Updated at 10:45 am File Photo outlookindia.com 2021-07-14T10:45:10+05:30 Adani Group on Tuesday said it has taken over the management of Mumbai International airport from the GVK group. The Group last August had announced that it would acquire GVK Group s stake in Mumbai airport. Adani Group will have 74 per cent stake in Mumbai s Chhatrapati Shivaji Maharaj International Airport, post the stake purchase transaction, with 50.5 per cent being bought from GVK Group and 23.5 per cent from minority partners including Airports Company South Africa (ACSA), and Bidvest Group, it had said.

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Billionaire Adani to control Mumbai airport in rebound bet

Billionaire Adani to control Mumbai airport in rebound bet
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