India, Feb. 17 -- India's aviation story is taking off, with Adani Airport Holdings Ltd at its center. This company, part of the Adani Group, has built one of the country's largest private airport networks over the past few years.

Now, the group plans to invest nearly Rs 1 lakh crore over the next five years and may pursue an IPO. The key question is whether a demerger could create value for the shareholders of Adani Enterprises Ltd. To understand this, we need to look at the current structure.

About Adani Airports Holding Ltd Adani Airports Holding Ltd (AAHL) operates under Adani Enterprises, which is the main company in the group. Historically, Adani Enterprises has developed new businesses, scaled them up, and eventually listed them ...