Investors send notice to GVK & lenders, say Mumbai airport sale to Adani would be a breach of contract

Abu Dhabi Investment Authority (ADIA), Canada’s Public Sector Pension (PSP) Investments and India’s National Investment & Infrastructure Fund (NIIF) has put key lenders and vice-chairman of GVK NSE -3.81 % Group on notice.

The investors sent a legal notice on August 27 through their lawyer, AZB & Partners, stating that the sale of Mumbai International Airport (MIAL) to the Adani Group will be a “breach” of GVK’s contract with them.

The consortium members said the growing speculation and media reports around the Adani Group’s interest in the asset was causing them concern.