Adanis acquire GVK’s stake in Mumbai airport
The Adani group is acquiring GVK’s stake in Mumbai airport in a deal that will make it the country’s largest private airport operator.
Adani Airport Holdings Ltd (AAHL), the flagship holding company of the Adani group for its airports business, has entered into an agreement to acquire the debt of GVK Airport Developers Ltd (GVK ADL).
GVK ADL is the holding company through which GVK Group holds a 50.50 per cent equity stake in Mumbai International Airport Ltd (MIAL), which in turn holds a 74 per cent equity stake in Navi Mumbai International Airport Ltd (NMIAL).
