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Adani IPO: Adani Group plans to hive off airport business, launch IPO

The Gautam Adani-led business house entered the airport sector in 2019. Rs 30k-cr Capex Plan for Airports Incubated within Adani Enterprises, Adani Airports won the mandate to modernise and operate six airports – Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram – through the Airports Authority of India’s tendering process. The unit has become the country’s top airport platform, catering to at least 10% of India’s air passenger traffic, exceeding 200 million people in FY20. In August last year, the group announced that it had acquired a 74% stake in Mumbai International Airport (MIAL), which runs Chhatrapati Shivaji Maharaj International Airport. This gave Adani ownership of the upcoming Navi Mumbai Airport, in which MIAL holds 74%. Adani Airports has debt of Rs 4,100 crore while that of AEL amounts to Rs 15,293 crore.

Perth bully on six-month curfew for vile campaign of abuse against partner

Several BJP members join TMC ahead of third phase assembly polls in West Bengal | West Bengal Election News

Several BJP members join TMC ahead of third phase assembly polls in West Bengal ANI | Apr 5, 2021, 22:26 IST KOLKATA: In the midst of assembly election fever in West Bengal, several members of the Bharatiya Janata Party (BJP) joined the ruling Trinamool Congress (TMC) on Monday. The ex-BJP members were Priyansu Pandey, Rabi Singh, Surojit Biswas and Akash Mallah, who joined the TMC in the presence of state minister Purnendu Basu and MP Dola Sen at Trinamool Bhavan today. Having observed the work Mamata Banerjee has done in the state, these members will hold the TMC flag today. We are happy to welcome them to our party. TMC is like an ocean. You can see that people from different areas have joined the TMC. There is no doubt that the TMC government will be formed again in the state, said Basu at the press conference.

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