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Adani Enterprises’ arm to hold nearly 98% stake in GVK Airport Developers

15 Jul 2021 Evaluate

Adani Enterprises’ wholly owned subsidiary -- Adani Airport Holdings (AAHL) is planning to hold nearly 98 percent stake in GVK Airport Developers (GVKADL) pursuant to the rights exercised by it as a lender to the company. AAHL has already taken over the management control of Mumbai International Airport (MIAL).

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.

Peers
Company Name CMP
Redington 328.50
Adani Enterprises 2706.00
Amrapali Industries 34.77
Maxgrow India 175.30
Rashi Peripheral 674.15
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