The Competition Commission of India has approved the Adani Group’s proposed acquisition of a controlling stake in Mumbai airport from GVK Airport Developers Limited (GVKADL) under the green channel route. Further, it was announced that the Adani Group will acquire GVKADL’s 50.5 per cent stake and buy out the 23.5 per cent stake of the Airports Company of South Africa and the Bidvest Group.
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