Adani Group Takes Over Mumbai International Airport

Gautam Adani, the head of Adani Group on Tuesday, July 13 announced that it has taken over the Mumbai International Airport.

“We are delighted to take over management of the world-class Mumbai International Airport. We promise to make Mumbai proud. The Adani Group will build an airport ecosystem of the future for business, leisure, and entertainment. We will create thousands of new local jobs,” said Gautam Adani in a tweet.

Adani Airport Holdings (AAHL), a wholly-owned subsidiary of Adani Enterprises, had earlier this year acquired a 23.5 percent stake in the Mumbai International Airport (MIAL) from ACSA Global (ACSA) and Bid Services Division (Mauritius), or Bidvest, for Rs 1,685.25 crore.

The stake acquisition was part of the Adani Group’s plan to take over controlling stake in MIAL.

Recently, Adani Group had received permission to operate Lucknow, Jaipur, Guwahati, Ahmedabad, Thiruvananthapuram, and Mangaluru airports through the public-private partnership (PPP) model.

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