Adani Enterprises up 10% as Cabinet may consider AAI's pact with Co today

The handover of Ahmedabad, Lucknow, and Mangalore airport is still pending as Adani Enterprises sought time to pay an upfront fee of Rs 1,000 crore for the three airports

Shares of Adani Enterprises leaped as much as 10 per cent to Rs 235.05 on the BSE on Wednesday amid report that the Union Cabinet is likely to today consider Airports Authority of India's proposal to sign a concession agreement with the company for public-private partnership of airports in Guawahti, Jaipur and Thiruvananthapuram.

In the first phase, the Union government had decided to privatise six airports and the Adani group had won the competitive bidding process under the same. In February, the group signed a concession agreement with the AAI for managing airports in Ahmedabad, Lucknow and Mangalore but approval