Adani Group takes over management control of Mumbai international airport. Adani Airport Holdings Ltd (AAHL), a wholly-owned unit of Adani Enterprises Ltd, on Tuesday took over the management control of Mumbai International Airport Ltd (MIAL) from the GVK Group.
Who is maintaining Mumbai airport?
The airport is operated by Mumbai International Airport Limited (MIAL), a Joint Venture between the Airports Authority of India and the GVK Industries Ltd led consortium which was appointed in February 2006 to carry out the modernisation of the Airport.
Which group takes care of the operation of Mumbai airport?
Adani Group led by Gautam Adani has completed the takeover of ‘Mumbai International Airport’ from the GVK group. With this takeover, Adani group has become the top company in terms of airport infrastructure companies in India.
How did Adani take over Mumbai airport?
Adani Group will have 74% stake in Mumbai’s Chhatrapati Shivaji Maharaj International Airport, post the stake purchase transaction, with 50.5% being bought from GVK Group and 23.5% from minority partners including Airports Company South Africa (ACSA), and Bidvest Group.
Does Mumbai have 2 airports?
There are two airports in Mumbai: Terminal 1 (A,B and C) are all domestic terminals. Terminal 2 or more popularly knows as international airport/terminal has mostly international flights but there are also some domestic flights.