Sunday, December 22, 2024 | 03:41 PM ISTEN Hindi

Home / Companies / News / Adani Group likely to bid through MIAL in next round of privatisation

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

Premium

Adani Group had earlier this year entered into an agreement with GVK Group and two South African companies- Bidvest and Airport Company of South Africa to acquire 74 per cent in MIAL

Arindam Majumder New Delhi

3 min read Last Updated : Feb 26 2021 | 6:10 AM IST

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

Topics : Adani Group Mial Mumbai airport airport privatisation privatisation Airports Authority of India AAI

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in