A controlling 74% stake in Mumbai International Airport, together with the six non-metro airports it bagged in a government tender, will make Adani Group the largest private operator of airports in India
Battle for MIAL: Arbitration tribunal restrains Adanis from buying Bidvest stake; GVK asked to compensate South African partner
The Bombay High Court had late October asked GVK to close the deal by 7 November 2019 in the third extension to arrange the Rs 1,248-crore or Rs 77 a share for the deal, valuing MIAL at Rs 9,500 crore.
GVK Reddy will continue as Executive Chairman and GV Sanjay Reddy as Managing Director in both MIAL and NMIAL
IndiGo was even forced to suspend operations at the Mumbai airport on Wednesday night as it did not have required manpower to operate them, as per a source.
Adani Airports Ltd is incorporated in India and registered with the Registrar of Companies at Ahmedabad in Gujarat on 2 August.
Adani receives green signal for long-delayed Australian coal mine; firm says ready to start construction on getting permit
Adani last year scaled back its initial plans for a 60 million tonne per year mine and has said that it will self-fund the project, backed by ready buyers in its own Indian power plants and its trading business.
GVK Power & Infrastructure on Friday said its step-down subsidiary GVK Airport Holdings will acquire 12 crore shares of Mumbai International Airport (MIAL) for Rs 924 crore from ACSA Global
The Adani group is marking its entry into the airports space after bagging a 50-year contract for operation, management and development of airports
GVK could sell a significant minority stake in Mumbai airport; Bidvest Group looks to exit investment
The move to sell a stake in MIAL is a part of GVK’s efforts to free up cash for new projects, like the ongoing second airport in Navi Mumbai.
PM's Navi Mumbai airport event: GVK asks Cidco, JNPT to share 60% of Rs 10.3-cr foundation stone-laying ceremony cost
In an unprecedented move, the Navi Mumbai airport developer GVK Group has asked two government bodies--Cidco and JNPT--to cough up a part of the cost incurred on foundation stone-laying ceremony attended by Prime Minister Narendra Modi
Narendra Modi lays foundation stone of Navi Mumbai airport, says aviation sector set to soar in India
While laying the foundation of Navi Mumbai international airport in Mumbai on Sunday, Prime Minister Narendra Modi said, "This is the first time that a greenfield project has been undertaken in the aviation sector", media reports said.
A 90-meter tall hillock is being razed to just 8 meters for runways for the upcoming Navi Mumbai international airport
Operations will be partly hit between October 18 and 31 at Mumbai airport between 1200 hrs and 1600 hrs on alternate days, as the main runway will be closed for repair.
Civil Aviation Minister Ajit Singh today inaugurated a new Air Traffic Control (ATC) tower at the Chhatrapati Shivaji International Airport here.
Public private partnerships to develop infrastructure like Mumbai airport has come to mean keeping the public in the dark about what's going on.
The Australian federal government that delayed the nod on GVK's investment in coalmine project will hold a crisis meeting with the Queensland's state government saying that the report by them on the project was deficient in details.