Adani Group to Acquire 74% Stake in Mumbai Airport

On August 29, Adani Group announced that it has entered into an agreement to acquire 74% stake and controlling power of the Mumbai Airport. In a regulatory filing, the company stated that they have acquired GVK Group’s 50.50% equity stakes of the Mumbai International Airport Limited (MIAL). The company further stated that it is processing the next step in acquiring stakes from Bidvest and Airports Company of South Africa (ACSA).