Mumbai airport stake: Adanis move Bombay high court against GVK bid to stall its deal
Mumbai: The AdaniNSE 1.20 % Group has dragged the shareholders of the GVKNSE 1.55 % Group-run Mumbai airport (MIAL) and the aviation ministry to the Bombay High Court, seeking a direction to them to allow buying out the minority stake held by South African firm Bidvest in the airport.
The South African firm Bid Services Division Mauritius or Bidvest owns 13.5 per cent in the country’s second busiest airport.
Other shareholders are ACSA Global (Airports Company of South Africa) which owns 10 per cent, Airports Authority of India (26 percent) and GVK Airport Holdings, which is the majority owner with a 50.5 per cent ownership.
