Adani Enterprises Limited (BSE:512599) (Adani Group) is considering a bid to acquire the stake held by the Airports Authority of India (AAI) in the Mumbai International Airport Limited, the Mint newspaper reported citing Karan Adani, managing director of Adani Ports and Special Economic Zone (APSEZ). However, the group is not keen to take the state-owned airport operator's residual share in airports such as Delhi Bengaluru and Hyderabad. Adani group will also bid for airports that the government may put up for auctions.

The Adani Group's strategy is to bid for the Airports Authority of India's (AAI) stake in the Mumbai International Airport only if it provides them with a controlling stake. This means they are interested in acquiring the Mumbai airport but not other airports. The Adani Group is already a majority stakeholder in Mumbai International Airport Ltd, the company that operates the Mumbai airport.

The Adani Group has been actively bidding for airports recently. Their decision to focus on acquiring AAI's stake only in the Mumbai International Airport, and not in other private airports, may result in lower revenues for the government from these ventures. AAI holds a 26% stake in joint ventures that operate the Delhi and Mumbai airports, and owns 13% each in joint ventures that operate the Hyderabad and Bangalore airports.

Among these, Delhi and Hyderabad airports have the GMR Group as their largest shareholder, while Fairfax is the largest member in the company that manages the Bangalore airport.