Adani to acquire a 74% stake in Mumbai International Airport.

Adani, a multinational Indian conglomerate company, agreed to acquire a 74% stake in Mumbai International Airport. Financial terms were not disclosed. “The aviation industry has been severely impacted by Covid-19, setting it back by many years and has impacted the financials of Mumbai International Airport. It was therefore important that we bring in a financially strong investor in the shortest possible time,” Gunupati Venkata Krishna Reddy, GVK Chairman.