Adani Airport Holdings , a wholly owned subsidiary of Adani Enterprises, has acquired 23.5 percent stake in Mumbai International Airport from ACSA Global  and Bid Services Division (Mauritius), or Bidvest, for Rs1,685.25 crore, the company said in a regulatory filing.

 In a regulatory filing, Adani Enterprises said that Adani Airport Holdings (AAHL)has acquired 28.20 crore equity shares of Mumbai International Airport Ltd. AAHL is also a wholly owned subsidiary of Adani Enterprises. "Adani Airport Holdings Ltd has acquired 23.5 percent equity stake i.e. 28,20,00,000 equity shares of Rs 10 of Mumbai International Airport Ltd from ACSA Global Ltd and Bid Services Division (Mauritius) Ltd," the filing said.

Incorporated on March 2, 2006, MIAL is engaged in the business of development, construction and operation of the Chhatrapati Shivaji Maharaj International Airport. In August last year, the AAHL entered into an agreement to acquire the debt of GVK Airport Developers Ltd (GVKADL) which in turn would help the Adani Group acquire controlling interest in Mumbai International Airport Ltd. GVKADL is the holding company through which GVK Group holds 50.50 percent equity stake in the Mumbai International Airport Ltd, which in turn holds 74 percent equity stake in the Navi Mumbai International Airport Ltd

Shares of Adani Enterprises Ltd was last trading in NSE at Rs.599 per share, up by 1.58 percent, as compared to the previous close of Rs. 589.70.

Ease of Doing Business: Four more states complete reforms

Expenditure finance committee nodes PLI scheme for LEDs, ACs

Mahindra Offers Hige Discounts Of Up To ? 3.06 Lakh On BS6 SUVs In February