Adani Airport acquires management control of Mumbai International Airport

Capital Market 

Through acquisition of 97.97% equity stake in GVK Airport Developers

Adani Airport Holdings, the flagship holding company of Adani Group for its airports business and a Wholly Owned Subsidiary of Adani Enterprises pursuant to the rights exercised by it as a lender of GVK Airport Developers (GVKADL), will hold 97.97% of the paid up equity capital of GVKADL.

GVKADL is the holding company of GVK Airport Holdings (GVKAHL) which holds 50.50% equity stake in Mumbai International Airport (MIAL), which in turn holds 74% equity stake in Navi Mumbai International Airport.

AAHL has further to its rights as aforesaid has also acquired the control of the Board of Directors and the management of MIAL

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, July 15 2021. 09:36 IST
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