Gautam Adani says airports to create adjacencies for group businesses
Billionaire Gautam Adani on Wednesday said his ports-to-energy conglomerate acquiring a controlling stake in Mumbai airport will help expand its existing portfolio of six airports and create strategic adjacencies for the group’s other businesses. Earlier this week, Adani Airports, a subsidiary of Mumbai-listed Adani Enterprises, announced the acquisition of GVK Airport Developers Ltd’s 50.50 per cent stake in the Mumbai International Airport Ltd (MIAL). It will also buyout 23.5 per cent stake of Airports Company of South Africa (ACSA) and Bidvest Group to get a 74 per cent controlling interest in Mumbai airport.
