Adanis close to acquiring GVK's 51% in Mumbai International Airport

The tussle between Adani Group and GVK Group over management of Mumbai airport appears to be heading in direction of a decision with the previous proposing to amass a majority stake in Mumbai Worldwide Airport (MIAL). Adani Group may purchase a controlling 51 per cent stake within the airport, which will result in GVK exiting the distinguished Mumbai airport enterprise.

 

The tussle between Adani Group and GVK Group over control of Mumbai airport seems to be heading towards a resolution with the former proposing to acquire a majority stake in Mumbai International Airport (MIAL).

 

GVK Airport Holdings owns 50.5 per cent in MIAL. Airport Firm South Africa (ACSA) owns 10 per cent and one other South African firm, Bidvest, owns 13.5 per cent.

 

Adani Group had earlier provided to purchase the stake held by the 2 South African corporations. It might put the supply again on the desk if the take care of GVK is finalised, supply mentioned.