Another International Airport Acquired By Adani Group: Details

As the Indian government moves towards privatization of major government-aided bodies, the Modi government has handed over the administration of the Mumbai International Airport to the private conglomerate Adani Group which assures development of the airport.

Adani Airport Holdings (AAHL), a wholly owned subsidiary of Adani Enterprises, earlier this year acquired a 23.5 per cent stake in Mumbai International Airport (MIAL) from ACSA Global (ACSA) and Bid Services Division (Mauritius), or Bidwest 1,685.25 crore.

We are delighted to take over management of the world class Mumbai International Airport. We promise to make Mumbai proud. The Adani Group will build an airport ecosystem of the future for business, leisure and entertainment. We will create thousands of new local jobs.

— Gautam Adani (@gautam_adani) July 13, 2021

Inspite of that, the Adani Group was allowed to operate Lucknow, Jaipur, Guwahati, Ahmedabad, Thiruvananthapuram and Mangaluru airports through a public-private partnership (PPP) model in India. 

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