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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.
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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.
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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