AAI wants to buy out South African partners in MIAL while Adani drags Bidvest, GVK others to court
MUMBAI/NEW DELHI: State-owned 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 told ET.
The stakes are held by Bidvest and ACSA, both of South Africa, 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.
