Briefs

Adani Group Acquires 74% Stake In Mumbai International Airport

By
OB Bureau

Mumbai: Gautam Adani-led Adani Group has acquired 74 per cent stake in Mumbai International Airport Limited (MIAL) that operates the second largest airport in the country.

Under the transaction, Adani Group will acquire 50.5 per cent stake of GVK Group. Additionally, it will acquire 23.5 per cent stake of minority partners Airport Company of South Africa (ACSA) and Bidvest. ACSA and Bidvest hold 10 and 13.5 per cent stakes, respectively, in MIAL.

With six airports already in its kitty, this will make Adani Group second largest private airport operator after GMR Group, which operates Delhi and Hyderabad airports, Business Standard reported.

OB Bureau

Recent Posts

Shah Rukh’s Daughter Suhana Khan Brutally Trolled For Vivo Ad [Watch]

Mumbai: Suhana Khan will be making her Bollywood debut with ‘King’ along with her superstar…

November 22, 2024

Badshah Comes Out In Support Of Diljit Dosanjh In Alcohol Controversy

New Delhi: After Diljit Dosanjh called out the double standards of Telangana government for banning…

November 22, 2024

World War 3 Has Begun, Says Ukraine’s Former Military Chief

New Delhi: Recent actions and counter-actions in the Russia-Ukraine conflict have pushed the world to the…

November 22, 2024

3 Arrested With Fake IPS Officers’ Uniforms, Identity Cards In Odisha’s Balangir

Balangir: Three persons were arrested and fake IPS officers’ uniforms along with fake identity cards…

November 22, 2024

‘I Want To Talk’: Twitterati Lauds Abhishek Bachchan, Say He Is Better Than Amitabh

Mumbai: Abhishek Bachchan’s highly-anticipated film ‘I Want To Talk’ released in theatres on Friday, and the…

November 22, 2024

Cash-For-Vote Row: BJP Leader’s Defamation Notice Against Rahul Gandhi, Kharge

New Delhi: Accused of giving cash to secure votes ahead of election day in Maharashtra,…

November 22, 2024

CM Mohan Majhi Attends ‘Odisha State Day’ Celebrations At IITF In Delhi

Bhubaneswar: Chief Minister Mohan Charan Majhi attended the ‘Odisha State Day Celebrations’ at the 43rd…

November 22, 2024

Vishal Aditya Singh Calls Shweta Tiwari ‘Mom’, Breaks Silence On Fake Wedding Pictures

Mumbai: Recently, some morphed pictures of actress Shweta Tiwari and her good friend Vishal Aditya…

November 22, 2024