AAI may bid for ACSA, Bidvest stakes in MIAL
NEW DELHI | MUMBAI: Airports Authority of India (AAI) is said to be planning a surprise bid for the stake held by two overseas investors in Mumbai International Airport Ltd (MIAL), a top official of the state-owned company told ET.
The stakes are held by South African companies Bidvest and ACSA, which are seeking to exit the company. Their combined 23.5% holding is at the centre of a tussle between the GVK Group, which runs the facility and wants to retain control, and the Adani Group, which is seeking to acquire the stakes.
“Both ACSA and Bidvest are ready to sell and we plan to bid for it,” said the AAI official cited above. “We have sought an approval from the aviation ministry on this.” AAI can comfortably fund the purchase, he said.
