Adani Group to demerge airports business in 2 yrs

ADANI AIRPORT HOLDINGS (AAHL), the country's second largest airport operator (by passengers serviced) will be the first of the several subsidiaries to get demerged from parent Adani Enterprises, a senior official said on Tuesday.

- SWARAJ BAGGONKAR

Speaking to shareholders at the 33rd annual general meeting of Adani Enterprises, its CFO, Jugeshinder Singh said, "The asset that could be ready for a potential demerger under our risk and governance guidelines, most likely would be airports."

With seven airports under operation, including international airports at Mumbai, Ahmedabad and Lucknow and an eighth under construction which is at Navi Mumbai, AAHL is just behind GMR Airports, the country's largest airport operator.