Adani Group likely to bid through MIAL in next round of privatisation

The group is reshuffling top management of Mumbai Airport after acquiring 74 per cent stake last year

Adani Group is likely to make Mumbai International Airport Ltd (MIAL) its primary vehicle to acquire airports in the upcoming round of privatisation, people aware of the development said.

The Airports Authority of India (AAI) is set to invite bids for six to 12 airports early next financial year from private enterprises for the next round of airport privatisation.

The conglomerate has started the process of shifting headquarters of its airport business to Mumbai from Ahmedabad, where it is currently situated, and is in the process of reshuffling the top management at the airport.

Sources aware of the development said the group had