Adani Emerges Favourite To Land Air India After Mumbai Airport Acquisition

Amid the aviation industry’s worst crisis, Indian conglomerate Adani Enterprises Ltd. is finding one opportunity after another to expand its foray into the aviation industry. As widely reported recently, the Adani Group is looking to acquire a controlling 74% stake in the International Airport of India’s economic hub Mumbai. While the Indian aviation sector might be comatose amid the pandemic restrictions, the country is still the fastest-growing aviation market globally.

ADIA & NIIF acquires 49 percent stake in GVK’s airports business

GVK sells 49 pc stake in airports business to ADIA, NIIF Infrastructure conglomerate GVK Power and Infrastructure has signed an agreement to sell 49 per cent stake in its airports business to Abu Dhabi Investment Authority (ADIA) and National Investment…