National Affairs

PRIVATE PRIVATE PRIVATE : Mumbai International Airport Acquires Adani Group

Goutam Adani-led Adani Group has acquired 74 per cent stake in Mumbai International Airport Limited (MIAL) that operates India’s second largest airport in Mumbai. Additionally, Adani will also 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 stake respectively in MIAL. The acquisition will also give Adanis ownership of the upcoming Navi Mumbai Airport in which MIAL holds 74 per cent stake. Adani Group is now India’s leading airport operator.

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