GVK Airport Holdings, a stepdown subsidiary of GVK Power & Infrastructure, has bought time till Thursday to fend off Adani group’s entry to Mumbai airport.
The company and Bid Services Division (Mauritius), a subsidiary of Bidvest, have agreed to come up with an agreement on the pending stake sale, the lawyers for the two companiestold the Delhi High Court. The court has adjourned the case till Thursday and agreed to hear them on that day.
GVK had last week moved the HC seeking to stop its South African partner Bidvest from selling its stake in Mumbai International Airport (MIAL).
