New Delhi: Billionaire Gautam Adani’s Adani Group on Monday said it will acquire GVK’s stake in Mumbai airport to become the country’s biggest private airport operator, with a cumulative shareholding to 74 per cent.
According to a regulatory filing, Adani Airport Holdings Ltd (AAHL), the flagship holding company of Adani Group for its airport business, “has entered into an agreement to acquire the debt of GVK Airport Developers Ltd (ADL) in Mumbai International Airport Ltd (MIAL), which will be converted into equity stake.
