Aniket Pujari
“…we would like to inform you that Adani Airport Holdings Limited (AAHL), a wholly owned subsidiary of the Company has acquired a 99% stake in both Aviserve Facilities Private Limited (Aviserve) and Aviground Facilities
Private Limited (Aviground),” Adani Enterprises said in a regulatory filing.
Both target entities specialise in providing non-aeronautical services at Mumbai Airport. Aviserve focuses on meet-and-greet services, including assistance with passenger check-ins, lounge access, baggage handling, immigration processes, and transportation services. Meanwhile, Aviground caters to general aviation terminal services.
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In the financial year 2023-24, Aviserve reported a turnover of ₹59.39 crore, while Aviground recorded ₹11,000. The acquisitions aim to enhance the passenger experience at Mumbai Airport, aligning with Adani Airport Holdings’ objective to expand its service portfolio and operational efficiency.
Aviserve, incorporated on March 4, 2021, and Aviground, established on February 16, 2021, will now operate as step-down subsidiaries of Adani Enterprises. The acquisition is not categorised as a related-party transaction and has been executed at arm’s length.
With this move, Adani Enterprises strengthens its position in India’s airport services sector, showing its commitment to elevating customer convenience and diversifying its offerings. The acquired companies’ expertise in niche non-aeronautical services complements the Adani Group’s broader strategy of transforming Mumbai Airport into a world-class aviation hub.
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Shares of Adani Enterprises Ltd ended at ₹2,462.25, up by ₹24.80, or 1.02% on the BSE.
First Published: Nov 29, 2024 8:47 PM IST
