Adani Group Drops Mumbai Airport Deal
  • WebDesk BTVI
  • Apr 26 2019

The Adani Group has stepped back from its plan to buy a 23.5 percent stake in Mumbai International Airport Limited. The Adani Group feels it will not be feasible to buy the 23.5 percent stake because GVK has been able to raise sufficient cash from sovereign wealth funds Abu Dhabi Investment Authority (ADIA) and the National Investment & Infrastructure Fund (NIIF).