Adani takes over Mumbai airport, becomes India’s largest airport operator
The Adani group has completed the acquisition of Mumbai International Airport Limited (MIAL) and will begin construction of the greenfield airport in Navi Mumbai next month, it said in a release today.
Last August the group announced the acquisition of Mumbai airport from the GVK group. The transaction concluded today giving the Adanis 74 per cent stake in MIAL.
The Adanis already have six airports in their portfolio and with the addition of Mumbai airport the group will control control 25 per cent of passenger footfalls and 33 per cent of India’s air cargo and make the group India’s largest airport infrastructure company.
Adani Airport Holdings Limited will also begin the construction of the Navi Mumbai International Airport next month and complete the financial closure in the next 90 days.
