{"id":259680,"date":"2019-02-19T05:04:45","date_gmt":"2019-02-19T05:04:45","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=259680"},"modified":"2019-02-19T05:04:45","modified_gmt":"2019-02-19T05:04:45","slug":"three-in-race-to-pick-stake-in-gvks-airport-holding-company","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/three-in-race-to-pick-stake-in-gvks-airport-holding-company\/","title":{"rendered":"Three in race to pick stake in GVK\u2019s airport holding company"},"content":{"rendered":"<p>MUMBAI: Spanish conglomerate Ferrovial, sovereign wealth fund Abu Dhabi Investment Authority (ADIA) and Canadian pension fund PSP have submitted final bids for investing in GVKNSE 1.79 % Power and Infra\u2019s airport holding company, said several people with knowledge of the matter. The holdco, GVK Airport Developers, has a near majority stake in the consortium that\u2019s running Mumbai airport and is building a second one in Navi Mumbai for about Rs 16,000 crore. <\/p>\n<p>\u201cFerrovial and PSP had been shortlisted in November. But after due diligence, all three (including ADIA) have submitted final bids,\u201d said one of the people. <\/p>\n<p>Some of the bidders \u2014 it\u2019s not clear which ones \u2014 are also suitors for stakes held by South African firms Bidvest and Airports Company South Africa (ACSA) in the consortium Mumbai International Airport (MIAL). Both want to exit the consortium, according to people aware of the matter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Spanish conglomerate Ferrovial, sovereign wealth fund Abu Dhabi Investment Authority (ADIA) and Canadian pension fund PSP have submitted final bids for investing in GVKNSE 1.79 % Power and Infra\u2019s airport holding company, said several people with knowledge of the matter. The holdco, GVK Airport Developers, has a near majority stake in the consortium that\u2019s running Mumbai airport and is building a second one in Navi Mumbai for about Rs 16,000 crore. \u201cFerrovial and PSP had been shortlisted in November. But after due diligence, all three (including ADIA) have submitted final bids,\u201d said one of the people. Some of the [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-259680","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/259680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=259680"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/259680\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=259680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=259680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=259680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}