{"id":265789,"date":"2019-03-23T05:30:21","date_gmt":"2019-03-23T05:30:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=265789"},"modified":"2019-03-23T05:30:21","modified_gmt":"2019-03-23T05:30:21","slug":"gvk-hikes-mial-stake-in-bid-to-block-rivals","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gvk-hikes-mial-stake-in-bid-to-block-rivals\/","title":{"rendered":"GVK hikes MIAL stake in bid to block rivals"},"content":{"rendered":"<p>Mumbai: The GVK group has acquired the entire 10% stake of Airports Co. South Africa (ACSA) Global Ltd in Mumbai International Airport Ltd (MIAL) for \u20b9924 crore, increasing its total holding in the airport to 74%, it said on Friday.<\/p>\n<p>MIAL runs the Chhatrapati Shivaji International Airport in Mumbai, one of the busiest in India, as a special purpose joint venture company in which GVK initially owned a 50.5% stake, while two South African companies, Bidvest Group and ACSA Gobal Ltd, held 13.5% and 10%, respectively. The remaining 26% is held by state-run Airports Authority of India (AAI).<\/p>\n<p>On 25 February, GVK Airport Holdings Ltd, a subsidiary of GVK Power &amp; Infrastructure Ltd, signed a definitive agreement with Bidvest Group, exercising its \u201cright of first refusal&#8221; to acquire its 13.5%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The GVK group has acquired the entire 10% stake of Airports Co. South Africa (ACSA) Global Ltd in Mumbai International Airport Ltd (MIAL) for \u20b9924 crore, increasing its total holding in the airport to 74%, it said on Friday. MIAL runs the Chhatrapati Shivaji International Airport in Mumbai, one of the busiest in India, as a special purpose joint venture company in which GVK initially owned a 50.5% stake, while two South African companies, Bidvest Group and ACSA Gobal Ltd, held 13.5% and 10%, respectively. The remaining 26% is held by state-run Airports Authority of India (AAI). On 25 [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-265789","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265789","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=265789"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265789\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=265789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=265789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=265789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}