Explanation:

Adani Group led by Gautam Adani has completed the takeover of ‘Mumbai International Airport’ from GVK group.

=> With this takeover, Adani group has become the top company in terms of airport infrastructure companies in India.

=> India is going to become world’s third largest aviation market by 2024.

=> Addition of Mumbai International Airport to Adani Group’s existing portfolio of six airports will provides a transformational aviation platform will allow Adani Group to interlink its B2B [business-to-business] and B2C [business-to-consumer] business.

=> It will also help Adani group to create several strategic adjacencies its other B2B businesses.

=> Adani Airport Holdings presently own a 74% stake in Mumbai International Airport.

=> With the takeover, Adani group’s airports now account for fourth of total footfalls at airports across India, and third of total air cargo handled.