Adani Group Acquires 23.5 Percent Stake in Mumbai International Airport, Aims 74 Percent Stake
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Adani Group s flagship holding company Adani Airport Holdings Ltd (AAHL) has acquired 23.5 per cent stake in the Mumbai International Airport Ltd (MIAL) from ACSA Global Ltd (ACSA) and Bid Services Division (Mauritius) Ltd (Bidvest) for Rs 1,685.25 crore. In a regulatory filing, Adani Enterprises said that AAHL has acquired 28.20 crore equity shares of MIAL. AAHL is also a wholly owned subsidiary of Adani Enterprises. Adani Airport Holdings Ltd has acquired 23.5 per cent equity stake i.e. 28,20,00,000 equity shares of Rs 10 of Mumbai International Airport Ltd from ACSA Global Ltd and Bid Services Division (Mauritius) Ltd, the filing said.
Shares of Adani Enterprises moved up by over 5 per cent on Monday afternoon to hit a 52-week high after its subsidiary Adani Airports completed the acquisition of 23.5 per cent stake in Mumbai Airport.
At 1 pm, the company s stock was trading 5.36 per cent higher on BSE Ltd at Rs 627.50 per unit.
The Gautam Adani-led conglomerate completed the acquisition of 23.5 per cent equity stake in Mumbai International Airport Ltd (MIAL) from Airports Company South Africa (ACSA) and Bid Services Division (Mauritius) Ltd for Rs 1,685.2 crore.
The Indian multinational is set to extend shareholding to 74 per cent in MIAL, a joint venture between the Airports Authority of India and GVK Industries, which will provide the group ownership of the upcoming Navi Mumbai airport in which MIAL holds majority stake.
Shares of Adani Enterprises jump 5 pc zimbabwestar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zimbabwestar.com Daily Mail and Mail on Sunday newspapers.
Adani Group s flagship holding company Adani Airport Holdings Ltd (AAHL) has acquired 23.5 per cent stake in the Mumbai International Airport Ltd (MIAL) from ACSA Global Ltd (ACSA) and Bid Services Division (Mauritius) Ltd (Bidvest) for Rs .
Coronavirus vaccine news highlights: WHO could approve AstraZeneca Covid-19 vaccine manufactured by SII in Jan or Feb
updated: Jan 20 2021, 23:28 ist
India started exporting coronavirus shots with a shipment to Bhutan. The ministry said supplies under grant assistance would be shipped to the Maldives, Bangladesh, Nepal, Myanmar and the Seychelles, while Sri Lanka, Afghanistan and Mauritius await regulatory clearances to receive the vaccines. In total 6.31 lakh healthcare workers have received Covid-19 vaccine shots through 11,660 sessions held till the evening of the fourth day of the immunisation drive. India has approved two vaccines Bharat Biotech s Covaxin and Serum Institute of India s Covishield for emergency use in the country. Frontline workers and healthcare workers are being vaccinated in the first phase. Stay tuned for latest updates.