NEW DELHI: Paving the way for billionaire Gautam Adani\u2019s group acquiring controlling interest in the Mumbai Airport from the GVK Group, the two corporates on Monday announced reaching an agreement for Mumbai International Airport Limited (MIAL) as well as the upcoming Navi Mumbai airport. The Adani Group will acquire 74% in MIAL \u2014 the entire 50.5% of GVK;, Airport Company of South Africa (ACSA\u2019s 10%) and South African Bidvest\u2019s 13.5%. The remaining 26% will be with Airports Authority of India (AAI).
\nAdani Group will also \u201cachieve financial closure of the Navi Mumbai International Airport project at the earliest in order to commence construction.\u201d The Adani Group had emerged as higher bidder for operating six AAI Airports \u2014 Jaipur, Guwahati, Thiruvananthapuram, Ahmedabad, Lucknow and Mangaluru \u2014 PPP way for 50 years. The Kerala government is opposing handing over T\u2019puram airport to Adani. With India\u2019s second busiest airport, Mumbai\u2019s CSMIA, and the upcoming Navi Mumbai also in its portfolio, Adani Group emerges as one of the largest private airport developers in India.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: Paving the way for billionaire Gautam Adani\u2019s group acquiring controlling interest in the Mumbai Airport from the GVK Group, the two corporates on Monday announced reaching an agreement for Mumbai International Airport Limited (MIAL) as well as the upcoming Navi Mumbai airport. The Adani Group will acquire 74% in MIAL \u2014 the entire 50.5% of GVK;, Airport Company of South Africa (ACSA\u2019s 10%) and South African Bidvest\u2019s 13.5%. The remaining 26% will be with Airports Authority of India (AAI). Adani Group will also \u201cachieve financial closure of the Navi Mumbai International Airport project at the earliest in order […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-370869","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=370869"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370869\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=370869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=370869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=370869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}