February 7, 2021
1 min read

Adani buys 23.5% stake in Mumbai Airport

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….reports Asian Lite News

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.

Incorporated on March 2, 2006, MIAL is engaged in the business of development, construction and operation of the Chhatrapati Shivaji Maharaj International Airport.

In August last year, the AAHL entered into an agreement to acquire the debt of GVK Airport Developers Ltd (GVKADL) which in turn would help the Adani Group acquire controlling interest in MIAL.

GVKADL is the holding company through which GVK Group holds 50.50 per cent equity stake in the Mumbai International Airport Ltd (MIAL), which in turn holds 74 per cent equity stake in the Navi Mumbai International Airport Ltd.

Also read:‘Business confidence improves in India’

Previous Story

‘Business confidence improves in India’

Next Story

Govt disinvestment policy not like selling family silver, says FM

Latest from -Top News

Malhotra Tied to Pak Spy Ring?

Officials allege that Dhillon operated as a conduit for Pakistani Intelligence, using his channel to reach out to Indian YouTubers….reports Asian Lite News Fresh revelations in the espionage case against Indian YouTuber

Shehbaz govt Opens the Floodgates

The move comes at a time when Pakistan’s economy is crippled by unending political chaos and huge unrest in the provinces of Balochistan…reports Asian Lite News The government led by Pakistan Prime

India opens world’s highest rail bridge

Prime Minister Narendra Modi inaugurated the world’s highest railway bridge over the Chenab River in Jammu and Kashmir and flagged off the much-awaited Vande Bharat Express to Srinagar, marking a historic moment

Sisi, MBZ cement ties

UAE and Egypt bolster ties through high-level talks in Abu Dhabi and a landmark cardiac care initiative delivering lifesaving treatment to rural communities The United Arab Emirates and Egypt reaffirmed their strong
Go toTop