The Adani Group, led by veteran businessman Gautam Adani, will buy 74 percent stake in Mumbai International Airport Limited (MIAL). In this regard, an agreement has been reached between the Adani Group and the GVK Group. Mumbai Airport is the second largest airport in the country.
The Adani Group will buy the entire 50.5% stake in the GVK Group. In addition, the Adani Group will also buy 23.5 per cent stake in Airport Company of South Africa (ACSA) and Bidvest. ACSA has a 10 per cent stake in Mumbai Airport and 13.5 per cent stake in Bidvest. With this deal, the Adani Group will become the second largest private operator in the country. Apart from Mumbai Airport, Adani Group has the responsibility of operating 6 more airports.