Table of Contents
Which company maintains 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.
How many airports are under GVK?
Further, with the acquisition of Kempegowda International Airport (KIA) in Bengaluru, GVK has become one of the largest airport operators in the country handling a combined traffic of over 60 mppa at these two airports.
Which company bought 70\% stake in Mumbai International Airport Limited?
The Adani Group
NEW DELHI: The Adani Group on Tuesday took over the reins of Mumbai Airport, checking in with a majority 74\% stake in Mumbai International Airport Limited (MIAL).
Is Indian airport sold to Adani?
The Airports Authority of India’s (AAI) aeronautical and non-aeronautical assets at three airports that were taken over by the Adani group, were transferred at a fraction of earlier estimates, the Authority’s employee union has alleged. Of these, three have been transferred to the AEL.
Does Adani own airports?
Incubated within the group’s flagship company Adani Enterprises Ltd. (AEL), Adani Airports won the mandate to modernize and operate six airports – Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram – through the Airports Authority of India’s globally competitive tendering process.
Does Adani own Mumbai 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.
When did Gvk take Mumbai airport?
2006
GVK | Our Business – Airports – CSMIA Mumbai. The year 2006 witnessed a momentous change for the airports in India with the privatization of Mumbai’s GVK Chhatrapati Shivaji Maharaj International Airport (GVK CSMIA).
Is Adani buying GVK?
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.
Who owns Mumbai airport before Adani?
Adani Airport Holdings has already acquired 23.5\% of Mumbai International Airport Ltd (MIAL) from shareholders Bidvest and Airports Company South Africa, according to the annual report. Now it has taken over another 50.5\% additional shares through the conversion of majority shareholder GVK’s debt into equity shortly.