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MALDIVES AIRPORTS COMPANY
Tourism and hotel sector stocks: Time for a correction in business? Are analysts getting it wrong? 15 stocks from the ecosystemThe Indian hotel and tourism ecosystem has benefitted from the post-Covid travel urge. Occupancies were high, room rates firm, supply is, i...- No taxes payable by GMR on Male airport contract compensation: MaldivesThis announcement brings a major relief to GMR Group as it doesn't need to pay over USD 20 million now.
- GMR Male Airport wins $270 mn in international tribunal against MaldivesCompensation covers debt, equity invested in the project, a return of 17% as well as termination payments and legal costs.
- GMR wins arbitration against Government of Maldives; Gets compensation of $270 millionIt added that the Concession Agreement was wrongfully repudiated by the Government of Maldives and Maldives Airport Company Limited on 29th...
- GMR Infra gets favourable verdict on Axis Bank debt arbitration in MaldivesGMR Infrastructure got a big relief in its ongoing arbitration in Maldives after the tribunal there ruled that the damages to be paid by th...
- GMR wins maldives airport case, seeks compensationThe tribunal has directed Maldives and the state-owned Maldives Airports Company (MACL) to pay $4 million legal damages to GMR within 42 da...
- GMR says Maldives government, aviation agency liable to pay damagesThe contract was unilaterally terminated by the Maldives government, which initiated arbitration proceedings on November 29, 2012.
- No possibility of GMR return in airport project: Maldivian President Abdulla YameenMaldives has ruled out any possibility of return of Indian infrastructure giant GMR in the over USD 500-million Male airport project but sa...
- GMR Infrastructure shares in red after clean chit in MaldivesShares of GMR Infrastructure were down on profit booking even as it got reprieve from Maldives' anti-corruption commission.
- GMR gets clean chit from Maldives probe agency in Male airport case"GMR has invested $240 million in the project so far. GMR has always maintained that there is no corruption involved in the bid."
- Maldives Airport Company Limited takes over airport operations from GMRThe transfer process was very smooth & there would be three-week transition period during which GMR and MACL will work together; Waheed's P...
- GMR spat: Singapore High Court rejects Axis plea, GMR to hand over airportAxis Bank leads a clutch of lenders, which includes Indian Overseas Bank and Indian Bank, with exposure to the airport project.
- Will handover airport to MACL at midnight tonight: GMR InfrastructureTerminating the $511 mn contract with GMR on Nov 27, Maldivian govt had given time till tonight to the Bangalore-based firm to handover the...
- GMR Maldives spat: GMR Infrastructure down after Singapore SC rules in favour of MaldivesShares of GMR Infrastructure fell in the afternoon reacting to the Singapore Court of Appeal's ruling that the Maldives government has the ...
- GMR spat: Maldives ends deal after waiting 45 days for PM Manmohan Singh; wanted to explain why deal was unsustainable“We wanted to explain how ruinous this deal was for Maldives & to seek PM's intervention in perhaps convincing GMR to renegotiate.
- GMR-Maldives spat: Bilateral relations with Maldives under reviewKhurshid says GMR seems on strong wicket legally and multilateral agencies like International Finance Corporation were involved in original...
- GMR Maldives spat: GMR to take all 'legal remedies' to protect Male contractStating that GMR Infrastructure has not invested in Maldives "to be compensated", the company has said it will take all "legal remedies" to...
- GMR Maldives spat: Faceoff continues over Male airport, govt rejects Singapore court's orderThe Maldives govt rejects Singapore court's order to suspend termination diktat; says it will operate Male airport from Saturday
- Maldives Airports Company files police complaint against leasing of airport to GMRThe Maldives Airports Company has filed a complaint with the police here over what it terms as "unlawful leasing" of Male International Air...
- Authorities allow GMR to collect airport development, insurance fee from passengersMaldives authorities have allowed Male International Airport operator GMR Infrastructure to collect airport development and insurance charg...
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