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Modi and Abe hold summit dialogue over phone; Indo-Japan Navy pact announcedJapanese envoy to India Satoshi Suzuki who signed the pact tweeted, "Great pleasure to sign the agreement concerning reciprocal provision o...
GVK writes to govt on Adani airport deal after global investors knocked on PM’s doorsIn a letter written to Finance Minister Nirmala Sitharaman, on 31st August – the day the transaction was announced --- GVK Reddy, the chair...
Supreme Court asks Bidvest unit to move Delhi HC for MIAL stake saleA division bench of Justices R Bhanumathi and AS Bopanna observed that under the law, petitioner Bid Services Division (Mauritius) has to g...
Arbitration tribunal restrains Bidvest from selling its stake in MIAL until further orderThe arbitration tribunal was hearing the case after the Supreme Court in December had directed it to take a call on the sale of Bidvest’s 1...
CCI okays Adani's 23.5% buy in Mumbai International AirportAdani Properties Private Limited is set to acquire 13.5% stake in MIAL from Bid Services Division (Mauritius) Limited and 10% stake from AC...
CCI approves Adani's 23.5% stake-buy in Mumbai International AirportAs per the combination notice filed with CCI, the transaction involves acquisition of shares through two separate share purchase agreements...
Battle for stake in Mumbai Airport: High Court refuses interim relief to AdaniAdani Group had approached the high court in September seeking execution of its agreement with Bid Services Division Mauritius ('Bidvest'),...
GVK raises Rs 7,600 crore to pare debt, buy 23.5% stake in Mumbai AirportGVK has raised a significant sum & will now look to halt Adani Group's bid to acquire a stake in Mumbai Airport.
AAI opts out of race to buy shares from Bidvest, ACSAArbitration panel gives time till Oct 30 to GVK to bring in investors.
Mumbai airport stake: Adanis move Bombay high court against GVK bid to stall its dealAdani in its suit filed on September 4 has claimed that its share purchase agreement dated March 5, 2019 with Bidvest, held through its Mau...
CCI clears GVK Group's additional stake buy in Mumbai Airport"Competition Commission of India approves acquisition of entire share of ACSA Global in MIAL by GVK Airport Holdings Ltd," the CCI said in ...
HC allows Bidvest to sell Mumbai airport stakeGVK had moved the court after Bidvest wanted to sell its stake to an unnamed bidder.
GVK should prove ability to buy stake, Bidvest tells courtThe debt-laden GVK is seeking to stave off a possible challenge for control after reports that Adani Group had also sought to acquire Bidve...
GVK Group firm to acquire 12 crore shares in Mumbai airportAfter completion of this stake buy, GVK Group's shareholding in MIAL will increase to 74 per cent.
GVK plans to buy Bidvest, ACSA's stake in Mumbai airport consortiumGVK Airport Holdings has exercised its "Right of First Refusal" to increase its stake in MIAL, according to a regulatory filing.
Bidvest plans to exit Mumbai International AirportState-owned Airports Authority of India owns 26% in the company and also 74% in the consortium that will build and operate the Navi Mumbai ...
India wants to be 'the most beautiful woman' wooed by all: Chinese mediaPlaying down India's decision to sign a logistic agreement with the US, Global Times said the proposed deal is stalled because of distrust ...
US embassy school in India caught in diplomatic spat: ReportIndian officials probing the working of an American Embassy school in New Delhi were "outraged" to find that it had adopted several "tax-av...
- GVK buys 13.5% stake in Mumbai Airport firm
This transaction, through the step down subsidiary GVK Airport Holdings, has enabled GVK to acquire controlling stake of 50.5%, up from 37%.
- GVK buys 13.5% more in Mumbai International Airport
The transaction, formalised on Tuesday and subject to regulatory approvals, values MIAL at $1.7 billion. BSDM is a subsidiary of South Afri...