CURRENT AFFAIRS

2021

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Adani Group has taken over the operational control which one of these International Airports from Kerala?

A	Calicut
B	Cochin
C	Thiruvananthapuram
D	Kannur

Explanation:

Detailed explanation-1: -The Adani Group will take over the operations and management of the Thiruvananthapuram International Airport from October 14. The formal transfer of the airport to Adani Thiruvananthapuram International Airport Ltd.

Detailed explanation-2: -In February 2019, the Gautam Adani-led group won the bid to operate six airports-Ahmedabad, Lucknow, Jaipur, Mangaluru, Guwahati, and Thiruvananthapuram.

Detailed explanation-3: -The airport was awarded to Adani Thiruvananthapuram International Airport Ltd. (ATIAL) to operate, manage and develop for a period of 50 years under a concession agreement signed with the Airport Authority of India (AAI).

Detailed explanation-4: -In September 2022, the Adani Group acquired a majority stake of 63.1% in Ambuja Cements Ltd. and a 54.5% stake in ACC Ltd. in a $6.4 Billion cash deal with Switzerland-based Holcim.

Detailed explanation-5: -In February 2021, the Adani Group acquired both GVK and Bidvest’s stakes in MIAL, giving it a controlling interest of 74% in the venture.

There is 1 question to complete.