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Adani Ports, GVK Power shares jump 4% on AAHL’s plans to acquire GVK Airport’s debt

The share price of Adan Ports and Special Economic Zone rose more than 4% intraday on 31 August, after the company announced that Adani Airport Holdings (AAHL) would acquire a controlled stake in Mumbai International Airport (MIAL) and would also acquire GVK Airport Developers debt. “AAHL intends to inject MIAL funds to ensure that MIAL has the necessary liquidity and the financial closure of Navi Mumbai International Airport to begin construction,” said Adani Enterprises. Read also: Adan Airports acquires majority stake in Mumbai Airport; acquires the debt of GVK Airport

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