Adani Group buys 74% stake in Mumbai International Airport

Adani Group has acquired 74% stake in Mumbai International Airport Limited (MIAL) that operates Mumbai Airport. Mumbai Airport is the second largest airport in India.
Under this, Adani Group will acquire 50.5% stake of GVK group. Additionally, Adani will also acquire 23.5% stake of minority partners Airport Company of South Africa (ACSA) and Bidvest.
The acquisition will also give Adani’s ownership of the upcoming Navi Mumbai airport in which MIAL holds 74% stake.