CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Adani Group to acquire what percent of stake in Mumbai International Airport Limited?
A
50
B
60
C
70
D
74
Explanation: 

Detailed explanation-1: -Adani completes purchase of 23.5% stake in Mumbai International Airport | Business Standard News.

Detailed explanation-2: -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, it had said.

Detailed explanation-3: -A controlling 74% stake in Mumbai International Airport Ltd (MIAL), together with the six non-metro airports, will make Adani Group the largest private operator of airports in India.

Detailed explanation-4: -Adani-owned Mumbai International Airport Ltd (MIAL) has reached an agreement with the Airports Authority of India (AAI) on resuming revenue payment. The state-owned airport operator is also in final discussions with Delhi International Airport Ltd (DIAL) on the matter.

Detailed explanation-5: -Adani Enterprises as an incubator owns 100% of its airports holding company, Adani Airport Holdings Ltd.

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