The Adani Group, headed by industrialist Gautam Adani, aims to become the country's largest airport operator. He is in talks to buy Mumbai International Airport.
Adani Group is in converses with Mumbai International Airport Ltd (MIAL), the administrator of Mumbai air terminal, to purchase stake in GVK Sumah and its different accomplices. The Adani Group, headed by industrialist Gautam Adani, intends to turn into the nation's biggest air terminal administrator. Two sources associated with the case said that the Adani Group may purchase 50.5 percent stake in GVK Group and 23.5 percent stake in other minority investors like air terminal organization South Africa and Bidvest Group in MIAL. Notwithstanding, spokespersons of both the Adani Group and the GVK Group declined to remark.
In March 2019, the Adani Group consented to purchase a 13.5 percent stake in Bidvest Company of South Africa for Rs 1,248 crore. The arrangement was denied by the GVK bunch utilizing its first refusal right ie the principal right arrangement on stake buy. In any case, GVK couldn't fund-raise to buy this stake and the issue went to court. As per sources, the monetary state of GVK Group isn't right. In that capacity, the stake deal to Adani Group is being thought of.
The Adani Group is wagering on air terminals in the wake of making a solid hold in the port region. The gathering as of late got agreements to work six air terminals. This incorporates Lucknow, Jaipur, Guwahati, Ahmedabad, Thiruvananthapuram and Mangalore.
The gathering is currently peering toward the second busiest air terminal in the nation. Sources state that the first round of talks have been hung on this and it is conceivable that Hyderabad's GVK may escape the mile. Air terminals Authority of India possesses 10 percent and the staying 26 percent of air terminal organization South Africa in MIAL.
Two sources engaged with the case said that the Adani Group could purchase GVK Group's 50.5 percent stake in MIAL and 23.5 percent stake in other minority investors like air terminal organization South Africa and Bidvest Group. Be that as it may, spokespersons of both the Adani Group and the GVK Group declined to remark.
In March 2019, the Adani Group consented to purchase a 13.5 percent stake in Bidvest Company of South Africa for Rs 1,248 crore. The arrangement was denied by the GVK bunch utilizing its first refusal right ie the primary right arrangement on stake buy. Be that as it may, GVK couldn't fund-raise to buy this stake and the issue went to court.
As per sources, the money related state of GVK Group isn't right. Accordingly, the stake deal to Adani Group is being thought of. The Adani Group is wagering on the air terminal subsequent to making a solid hold in the port territory. The gathering as of late got the agreement to work 6 air terminals. This incorporates Lucknow, Jaipur, Guwahati, Ahmedabad, Thiruvananthapuram and Mangalore.
