Adani Acquires Mumbai Airport, Controls 33% Of India's Air Cargo
According to a press release, the Adani Group acquires Mumbai International Airport Limited (MIAL) and will begin construction of the greenfield airport in Navi Mumbai. Adani owns a 74% stake in MIAL. Meanwhile, in addition to the six airports, Adani now possesses MIAL. The multinational conglomerate will control 25% of the passenger traffic and 33% of India's air freight, making it India's largest airport infrastructure company.