Adani Enterprises Limited (AEL) is likely to soon acquire a 74 per cent stake in Mumbai International Airport (MIAL).
Adani Group is expected to announce acquisition of GVK Group's 50.5 per cent stake before next week, Business Standard reported
The acquisition is also expected to provide the Group ownership of the upcoming Navi Mumbai airport, in which MIAL holds 74 per cent stake.
The union cabinet had recently approved the transfer of six airports on 50-year leases to AEL. The Gautam Adani-led firm will take control of the airports in Ahmedabad, Lucknow, Mangaluru, Jaipur, Thiruvananthapuram, and Guwahati. The Adani Group has won rights to operate, maintain and develop these 6 airports in a public private partnership mode.
