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Adani Group completes acquisition of 23.5% stake in Mumbai Airport; to hike ownership to 74%
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.
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Adani Airports acquires 23 5 per cent stake in Mumbai Airport Purchased for Rs 1685 crore
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Adani Airports acquire 23.5% shareholding in Mumbai International Airport for Rs 1,685 crore
Adani Airports acquire 23.5% shareholding in Mumbai International Airport for Rs 1,685 crore
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Adani Airport Holdings (AAHL), a wholly owned subsidiary of Adani Enterprises, has acquired 23.5 per cent stake in Mumbai International Airport (MIAL) from ACSA Global Limited (ACSA) and Bid Services Division (Mauritius) Limited (Bidvest), for Rs 1,685.25 crore, the company said in a regulatory filing. As per the regulatory filing, AAHL has bought 28,20,00,000 equity shares in MIAL. We would like to inform that Adani Airport Holdings Limited (âAAHLâ) the flagship holding company of Adani Group for its airports business and a Wholly Owned Subsidiary of Adani Enterprises Limited has acquired 23.5% equity stake i.e. 28,20,00,000 (Twenty Eight Crores Twenty Lakhs) Equity Shares of INR 10 (Indian Rupees Ten) of Mumbai International Airport Limited (âMIALâ) from ACSA Glo