Adani Group sets up new company to manage airport businesses
The diversified Adani Group is adding another revenue stream by entering the airport space and has set up a new company called Adani Airports Ltd.
The group’s flagship company Adani EnterprisesNSE -4.76 % has incorporated the new company for acquiring, promoting, operating, maintaining, developing, designing, constructing, upgrading, modernising, renovating, expanding and managing airports in India and abroad.
“Adani Airports Ltd is incorporated in India and registered with the Registrar of Companies at Ahmedabad in Gujarat on August 2 and is yet commence its business operations,” Adani Enterprises said in regulatory filings at stock exchanges on Saturday.
