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Adani Enterprises’ arm to acquire debt of GVK Airport Developers

31 Aug 2020 Evaluate

Adani Enterprises’ wholly-owned Subsidiary (WOS) -- Adani Airport Holdings (AAHL) has entered into an agreement to acquire the debt of GVK Airport Developers (GVK ADL). GVK ADL is the holding company through which GVK Group holds 50.50% equity stake in Mumbai International Airport (MIAL), which in turns holds 74% equity stake in Navi Mumbai International Airport (NMIAL).

The GVK Group and AAHL have agreed that AAHL will offer a stand-still to GVK, in addition, to release of the guarantee given by GVK Power and Infrastructure with respect to the debt acquired by it.

Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.

Adani Enterprises Share Price

2218.35 13.35 (0.61%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 234.90
Adani Enterprises 2218.35
Amrapali Industries 17.53
Rashi Peripheral 455.25
PDS 301.45
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