Adani Group’s plans to acquire a stake in Mumbai airport hit another road-block

The Adani Group’s plans to acquire stake in the Mumbai airport has hit another roadblock with a tribunal restraining Bid Services Division (Mauritius) from selling its 13.5% stake in the airport till arbitration proceedings are completed, sources said.

The order comes after India’s apex court had last month directed the tribunal to decide by January 27 on whether the GVK Group is in a position to buy Bidvest’s stake in Mumbai International Airport (MIAL).