AAHL, the flagship holding company of Adani Group’s airport business, will hold nearly 98 per cent stake in GVK Airport Developers Ltd (GVKADL) pursuant to the rights exercised by it as a lender to the company. Adani Airport Holdings Ltd (AAHL) has already taken over the management control of Mumbai International Airport Ltd (MIAL), the operator of the country’s second largest airport.
According to a regulatory filing on Wednesday, AAHL, a wholly-owned subsidiary of Adani Enterprises Ltd NSE -0.40 %, “pursuant to the rights exercised by it as a lender of GVKADL, will hold 97.97 per cent of the paid up equity capital of GVKADL”.
