InvestorQ : Why is Adani Group now bidding for Air India? How will buying Air India add value to the Adani group?
Moii Chavate made post

Why is Adani Group now bidding for Air India? How will buying Air India add value to the Adani group?

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Sam Eswaran answered.
2 years ago
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The larger plan apparently is that the Adani group wants to have ownership of the complete flying ecosystem in India. That is why the group has decided to bid for Air India. It will be submitting its Expression of Interest (EOI) by next month. Apart from the Adani group, the Tatas, Indigo, Hinduja group and a US based fund are also in the reckoning to take a majority stake in Air India. The final decision will be based on the due diligence. As you must be aware, Adani has plans to become the largest private airport operator in India. It already manages 3 airports including Lucknow, Ahmadabad and Mangalore. The acquisition of Air India will be a logical extension to its plans in owning the entire aviation ecosystem and Adani is perhaps looking to acquire the same when the price is attractive. Of course, Air India debt could be the bone of contention.

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Jeet answered.
2 years ago
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It will complete the circle for Adani in the airline space- infra, energy and planes

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Jeet answered.
2 years ago
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It will surely complete the circle for Adani in the airline space- infra, energy and planes

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