The GVK Group’s success in elevating greater than Rs 7,600 crore to cut back the debt burden and purchase a 23.5 % stake in Mumbai Worldwide Airport (MIAL) can be a setback to the Adani Group that has been attempting for a toehold within the prestigious firm, reviews counsel. The Adani Group, that efficiently bid for working 5 airports, has been attempting to accumulate a stake within the firm that operates Mumbai airport and has gained the bid to develop the Navi Mumbai airport.
“GVK Power & Infrastructure’s subsidiaries, GVK Airport Developers (GVKADL) and GVK Airport Holdings (GVKAHL) have entered into definitive agreements with subsidiaries of the Abu Dhabi Investment Authority (ADIA), Public Sector Pension Investment Board (PSP Investments) supported by global airports platform AviAlliance, and the National Investment Infrastructure Fund (NIIF),” mentioned a press launch from the corporate. “They will make an aggregate investment of Rs 7,614 crore, into GVKAHL.”
29/10/19 Roshan/Herald Publicist
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“GVK Power & Infrastructure’s subsidiaries, GVK Airport Developers (GVKADL) and GVK Airport Holdings (GVKAHL) have entered into definitive agreements with subsidiaries of the Abu Dhabi Investment Authority (ADIA), Public Sector Pension Investment Board (PSP Investments) supported by global airports platform AviAlliance, and the National Investment Infrastructure Fund (NIIF),” mentioned a press launch from the corporate. “They will make an aggregate investment of Rs 7,614 crore, into GVKAHL.”
29/10/19 Roshan/Herald Publicist
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