Dec 15 2020 11:12 AM, Adani Ports JV to raise $300 million Adani Enterprises Ltd. has announced that it has agreed to acquire majority stake in the company that runs the Mumbai International Airport. According to the agreement, Adani Airports will acquire the debt of GVK ADL from its airport lenders. Note : Support and Share on Facebook Share on Twitter Share on Whatsapp This accreditation is a significant step in the pursuit of reinvigorating air traffic in the wake of COVID-19, said Behnad Zandi, CEO of Adani … Mid range performer: Adani created a rival regional industry lobby and helped kick off a biannual global investment summit in Gujarat in 2003 that boosted Modi’s pro-business credentials. This move is bolstered by the Group’s desire to upgrade the existing airport infrastructure in India to best-in-class standards, thus offering customers the most definitive airport experience. *Transaction of a minimum quantity of 500,000 shares or a minimum value of Rs 5 crore. Reproduction of news articles, photos, videos or any other content in whole or in part in any form For example, while GMR’s bid for Ahmedabad and Jaipur was Rs 85 and Rs 69 per passenger respectively, Adani’s quote was Rs 177 and Rs 174 respectively for these two airports. this is the perfect time when you invest and make a strong fundamental portfolio for urself... aisa time kabhi kabhi aata hain. Download The Economic Times News App to get Daily Market Updates & Live Business News. Copyright © e-Eighteen.com Ltd All rights resderved. Days Trial. MUMBAI: Barely four months after joining the Adani Group's newly formed airport business, its CEO Sidharath Kapur has resigned, said a person in the know. IRFC IPO kicks off: Brokerages say subscribe with long-term gains, Why are investors gung ho on Bitcoin, Tesla? Choose your reason below and click on the Report button. In their past deals, they managed to get the right over six major Indian airports – Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram, and … Who is raising the stake and who is exiting? Developments In Airport Business - 3 hour(s) ago. The following day, the Adani group won the rights to develop a sixth airport, Guwahati, but the news was overshadowed by the Indian Air Force’s strikes … Adani Group Saturday said that it has set up a new company called Adani Airports Ltd to manage its airport businesses. Get all the information on mutual fund schemes and the names of institutions which invested in a company. *Disclosures under SEBI Prohibition of Insider Trading Regulations, 2015, *Disclosures under SEBI SAST (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Higher the score, better the financials of the company. Owned by Gautam Adani, the second richest person in India, Adani Enterprises has reportedly emerged as the top bidder for the ₹ 29,560 crore Jewar airport. ,Navrangpura. Adani Enterprises outbid GMR Airports by almost twice the price quoted by the latter for two of the airports. The Adani group has won the bid to operate five out of six airports put up for privatisation by the government, a senior official of the Airports Authority of India (AAI) said Monday. The share price of Adani Enterprises, the flagship company of Adani Group, shot up almost 25 per cent on Tuesday as news reports stated the company was in the final round of talks to acquire a 74 per cent stake in Mumbai International Airport (MIAL) from the GVK group and other investors. ANNRY ADANIENT 512599 Dec 02 2020 12:12 PM, BUY ADANI PORTS 558 SL 552 TARGET SOON 565/575, tellegraam @DISTRAD Copyright © e-Eighteen.com Ltd. All rights reserved. Get live share price chart, key metrics, forecast and ratings of Adani Enterprises Ltd - ADANIENT on Tickertape At present, the deal has not yet completed due to the litigation over the right of first refusal (RoFR) vested with the Hyderabad-based infrastructure major. Adani Ports CMP - 498.90 Looking bearish in higher time frame. What do you like about the new Stock Price page? The Adani Group has forayed into the civil aviation sector by strategically acquiring Airport Development & Maintenance mandates throughout the country. “Adani Jaipur International Airport Limited, Adani Guwahati International Airport and Adani Thiruvananthapuram International Airport, wholly-owned subsidiaries of the company have signed the concession agreement on January 19, 2021 with Airports Authority of India for the operations, management and development of Jaipur, Guwahati and Thiruvananthapuram airports respectively,” it … Live Adani Enterp. 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