Page 2 - Airport Developers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Adani Airport Holdings Ltd (AAHL), the flagship holding company of the Adani group for its airports business, has acquired  an additional 23 per cent stake in Mumbai International Airport Ltd (MIAL) from ACSA Global Ltd (ACSA) and Bid Services Division (Mauritius) Ltd or Bidvest for Rs 1,684.25 crore. With this, the Gautam Adani-led group will have a 74 per cent stake in MIAL with the rest being held by the Airports Authority of India (AAI). In August, the group had said it would acquire GVK Airport Developers’ (GVKADL) 50.50 per cent stake in MIAL. The group had then said that it was also...

Adani Group has completed the purchase of 23.5 per cent stake in Mumbai International Airport (MIAL) from two South African entities, marking the first step towards acquiring a majority control in the country’s second-busiest airport. In a stock exchange notification on Saturday, Adani Enterprises said that its airports division had acquired 13.5 per cent stake of Bidvest and 10 per cent stake of Airport Company of South Africa, for a consideration of Rs 1,685 crore. The deal marks a culmination of Adani Group’s two-year quest to acquire a stake and gain control of the Mumbai airport. It ...