Adani to expand their business in 'Air Transpotation Field'
INDIA'S 2nd most richest person ' Adani ' has planned to invest 18,000 crore in ' Air Transportation field '.
Especially the main reason behind this is adani group is trying to buy most of the shares of ' Mumbai International Airport ' ( MIAAL ).
So that they are initially investing 10,000 crore.
In the remaining 8,000 crore the adani group is going to invest in Domestic airports.
Which includes the airports of Ahmedebad, Lucknow, Jaipur, Mangaluru and Thiruvananthapuram.
This initiative will improve the airports domestic facilities.
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Mumbai Airport |
In february 2019 'Adani Group' has been given a contarct of maintanance for a span of '50 years'.
At present they have purchased 13.5 % of shares of ' Mumbai International Airport ' ( MIAAL ).like that in future in order to increse the 'ownership' they have planned 10,000 crores to be invested.
At present South Africa based origin company 'GV' has a 50.50 % partnership.
'BIVEST' has 13.5 % partnership and ' Mumbai International Airport ' ( MIAAL ) has a 10 % partnership contribution.
In the past 13 years this companies are maintaining the welfare of the airports.
Adani groups has planned to invest 10,000 crores but they are waiting for the results of the court which are been filed by 'GV' group.
Bidvest is in full way to sell their partnership shares to the Adani group.
By Considering the price of 8,000 crores of mumbai airport.
Bidvest is selling their all rights for '1,248 crores'.
Earlier Bidvest was in a way to sell their rights to 'GV' groups but due to some disputes and issues they doesn't sell that to 'GV' group.
So they had taken a decision to sell all their shares of partnerships to the adani groups.
At present the dispute between 'GV' Group and 'Adani' Group is been going in court.
As on other side 'BIDVEST' wants to sell their shares to Adani Groups.
But 'GV' Group is bringing obstacles while doing this.
On the other side are in the held and if the results goes in the favour of 'ADANI Group'.
They are not only going to buy Bidvest group shares but they are going to buy whole shares of GV group too.
* 50 Years contract by Adani Groups -
In February 2019, 50 years contract for 5 Domestic airports maintanance has been taken by 'Adani Groups'.
By this initiative they are trying to expand their business in 'Air Transpotation Field'.
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