GVK Airport Holdings on Tuesday moved the Delhi High Court seeking to stall its partner Bidvest group’s attempt to sell off 13.5% stake in Mumbai International Airport (MIAL).
GVKAHL, a subsidiary of the GVK group, has claimed it has the right of first refusal (Rofr) to purchase shares under the shareholders agreement signed in 2006.
Bid Services Division (Mauritius) (Bidvest) will maintain status quo in terms of sale of shares as the high court will further hear the case on April 8, sources told FE.
