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Shantanu Bhattacharji
Updated Jul 15, 2021 | 06:10 IST
Adani Airport Holdings to own nearly 98% stake in GVK Airport Developers
Adani Airport Holdings to own nearly 98% stake in GVK Airport Developers. 

Adani Airport Holdings Ltd (AAHL) has already taken over the management control of Mumbai International Airport Ltd (MIAL), the operator of the country's second largest airport.,foot-tall

According to a regulatory filing on Wednesday, AAHL, a wholly-owned subsidiary of Adani Enterprises Ltd, "pursuant to the rights exercised by it as a lender of GVKADL, will hold 97.97 per cent of the paid up equity capital of GVKADL".,horse-racing-sites-on-the-internet

all-stars-cricket-ombersley,GVKADL is the holding company of GVK Airport Holdings Ltd (GVKAHL) which holds 50.50 per cent equity stake in MIAL. The latter holds 74 per cent equity stake in Navi Mumbai International Airport Ltd.

american-football-player,"Debt held by AAHL (the principal amount of which is Rs 2165,57,00,000) in GVKADL has been converted into equity shares of GVKADL," the filing said.

Further, the board of directors of GVKADL and GVKAHL have been entirely reconstituted with AAHL's nominees. The nominee directors representing the GVK Group have resigned.,cfr-cluj-fc

As per the filing, a nominee of AAHL has been appointed as the Chairman and Managing Director of MIAL.,basketball-coach-yelling

Adani Group will have 74 per cent stake in Mumbai's Chhatrapati Shivaji Maharaj International Airport, post the stake purchase transaction, with 50.5 per cent being bought from GVK Group and 23.5 per cent from minority partners including Airports Company South Africa (ACSA), and Bidvest Group.,

cricket-bet-indian,With eight airports (in its management and development portfolio), AAHL is now India's largest airport infrastructure company, accounting for 25 per cent airport footfalls.

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