Mumbai airport also now in Adani's hands, find out how many airports the country has acquired by Adani Group

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New Delhi, 8 February 2021 Monday

Adani Airport Holdings Limited (AAHL), owned by Gautam Adani, a leading industrialist in the country, now owns Mumbai Airport after Mangalore, Lucknow and Ahmedabad. The company has bought a 23.5 per cent stake in Mumbai International Airport Limited (MIAL) for Rs 1,685.25 crore. The stake was bought by two foreign companies, ACSA Global Limited (ACSA) and Bid Services Division (Mauritius) Limited (Bidvest).

AAHL has bought 28.20 crore shares of MIAL worth Rs 10 crore, Adani Enterprise said in a statement to the stock exchange. AAHL is a wholly owned subsidiary of Adani Enterprise. Adani Group's stake in MIAL will increase to 74% once the deal with GVK Airport Developers Ltd. is completed. The remaining 26 per cent stake in MIAL is held by the Airports Authority of India (AAI). MIAL was founded on March 2, 2006. The company is in the business of development, construction and operation of Chhatrapati Shivaji Maharaj International Airport.

Late last year, the Adani Group acquired Mangalore, Lucknow and Ahmedabad airports from AAI. By July this year, it will also receive Jaipur, Guwahati and Thiruvananthapuram airports. The Adani Group will develop, manage and operate these 6 airports for the next 50 years. As such, the Adani Group is set to become the largest airport operator in the country in terms of airport numbers. However, GMR is the largest airport operator in the country in terms of number of passengers. It has IGIA in Delhi, Hyderabad Airport and Mopa Airport in Goa.

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