Adani Group stocks on Monday surged up to 7.6 percent, after the group said it will acquire GVK’s stake in Mumbai airport to become the country’s biggest private airport operator.
On BSE, Adani Green Energy jumped 7.65 percent, Adani Ports and Special Economic Zone rose by 5.24 percent and Adani Power 4.97 percent.
Shares of Adani Enterprises also gained 3.22 percent in morning trade, but later pared all the gains and were quoting nearly 2 percent lower.
GVK Power and Infrastructure jumped 4.89 percent to Rs 3.43 — its upper circuit limit.
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 percent.
