Adani group takes over management of Mumbai airport

TIL Desk/Business/Mumbai/ Adani group on Tuesday said it has taken over the management of Mumbai International airport from the GVK group.”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,” Adani group chairman Gautam Adani said in a tweet. The group last August had announced that it would acquire GVK Group’s stake in Mumbai airport.

Adani group will have 74 per cent stake in Mumbai’s Chhatrapati Shivaji Maharaj International Airport, post the stake purchase transaction, with 50.5 per cent being bought from GVK group and 23.5 per cent from minority partners including Airports Company South Africa (ACSA), and Bidvest Group, it had said.