Adani Ports and Special Economic Zone share price jumped over 4 per cent intraday on August 31 after the company said Adani Airport Holdings (AAHL) will acquire a controlling interest in Mumbai International Airport (MIAL) and will also acquire the debt of GVK Airport Developers.

‘The Adani Group will also take steps to complete the acquisition of a 23.5 per cent equity stake from ACSA and Bidvest in MIAL for which it has obtained CCI approval,’ Adani Enterprises said in a BSE statement.

‘AAHL intends to infuse funds into MIAL to ensure that MIAL receives the much-needed liquidity and also achieves financial closure of Navi Mumbai International Airport to be able to commence construction,’ Adani Enterprises said.