Adani becomes India's biggest private airport operator | Editorji
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Adani becomes India's biggest private airport operator

Aug 31, 2020 15:31 IST

Adani has become the country's biggest private airport operator as it acquired the majority stake at the Mumbai International Airport.

Adani now has 74% stake in the ChattarpatiShivajiMaharaj International Airport, 50.5% of which has been bought from its previous operator GVK Group and 23.5% from other minority partners including Airports Company South Africa and Bidvest Group.

The development comes after the CBI had charged the GVK Group with siphoning off funds totalling Rs 705 crore. It is charged with causing a loss of Rs 310 crore to the exchequer by entering into fake work contracts on the land given by the government to MIAL.

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