Business Standard

Adani Enterprises shines on bourses as it closes in on Mumbai airport

The company is aiming to become the leading airport operator in the country after getting access to the key Mumbai airport and that has driven investor sentiment and confidence, say experts

Industry sources said Adani Group will pay close to Rs 15,000 crore for the total transaction
Premium

Adani Enterprises won the bidding war to operate Thiruvananthapuram, Lucknow, Jaipur, Ahmedabad, Mangaluru and Guwahati airports through the public private partnership (PPP) model

Ujjval Jauhari Mumbai
The share price of Adani Enterprises, the flagship company of Adani Group, shot up almost 25 per cent on Tuesday as news reports stated the company was in the final round of talks to acquire a 74 per cent stake in Mumbai International Airport (MIAL)  from the GVK group and other investors. 

The newsflow of an imminent Mumbai airport acquisition not only pushed Adani Enterprises shares up 23.69 per cent, but also drove other group company share prices upwards. 

The company is eyeing to become the leading airport operator in the country by getting access to Mumbai airport and this

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 25 2020 | 8:57 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com