New Delhi: The Delhi high court on Thursday asked South African investor Bidvest Group Ltd to respond to an injunction filed by Mumbai-based conglomerate GVK to stop Bidvest from selling its stake in Mumbai International Airport Ltd (MIAL).
Bidvest counsel Amit Sibal told the court that the company “will not take steps to sell the shares. Will maintain the status quo.”
The court directed Bidvest to file its reply in a week and said arguments will begin on 29 April. The two companies were given time to reach a settlement but failed to do so.
