new Delhi. Adani Airport Holdings Limited (AHL), the flagship holding company of Adani Group, has acquired 23.5% stake in Mumbai International Airport Limited (MIAL) from ACSA Global Limited (ACSA) and Bid Services Division (Mauritius) Limited (Bidvest) for Rs 1,685.25 crore. . In a regulatory filing, Adani Enterprises stated that AHL has acquired 28.20 crore equity shares of MIAL. AHL is also a wholly owned subsidiary of Adani Enterprises. After this purchase, shares of Dani Enterprises are seeing a gain of 5%. The company has gained more than Rs 4600 crore within 45 minutes of opening the market.
Shares bought
The filing states that Adani Airport Holdings Limited has acquired 23.5 per cent equity shares of Rs 10, ie 28,20,00,000 equity shares of Mumbai International Airport Limited from ACSA Global Limited and Bid Services Division (Mauritius) Limited. Incorporated on 2 March 2006, MIAM is engaged in the business of development, construction and operation of Chhatrapati Shivaji Maharaj International Airport.
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Adani-GVK agreement
In August last year, AHL had entered into an agreement to acquire GVK Airport Developers Limited (GVKDL) loan, which would in turn help the Adani Group to acquire a controlling interest in MIAL. GVKDL is the holding company through which GVK Group holds a 50.50 percent equity stake in Mumbai International Airport Limited (MIAL), which in turn holds a 74 percent equity stake in Navi Mumbai International Airport Limited.
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Adani shares rise
After this purchase, shares of the company rose by more than 5 percent today. At 11 am, the company’s stock is trading 5.17 percent up at Rs 626.20. Whereas today the company’s stock went up to 52 weeks high with Rs 638.05. Today, the company’s stock opened at Rs 606 and went to the day’s low with Rs 604.35. Let us tell you that the company’s stock closed at Rs 595.55 on Friday.
Profit over 4600 crores rupees
The company gained more than Rs 4600 crore within 45 days of opening of the market due to the rise in the company’s shares. In fact, after the market closed on Friday, the company’s market cap was around Rs 65,499.19 crore. As the company’s stock reached a height of 52 weeks, the market cap came to Rs 70,173.38 crore. That is, the company had a profit of Rs 4674.19 crore.
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