{"id":293606,"date":"2019-09-25T10:55:53","date_gmt":"2019-09-25T05:25:53","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=293606"},"modified":"2019-09-25T10:55:53","modified_gmt":"2019-09-25T05:25:53","slug":"adani-moves-hc-to-stop-bidvest-from-selling-stake-in-mumbai-intl-airport","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-moves-hc-to-stop-bidvest-from-selling-stake-in-mumbai-intl-airport\/","title":{"rendered":"Adani moves HC to stop Bidvest from selling stake in Mumbai Int\u2019l Airport"},"content":{"rendered":"<p>The Bombay High Court has allowed the lawyers of Adani Properties time to seek direction from the company about the next course of action. Adani Properties has approached the court to restrain Bidvest from selling its stake in Mumbai International Airport (MIAL) to a third party.<\/p>\n<p>The Gautam Adani-controlled Adani Properties has approached the court, seeking its direction to buy out minority stake of around 13.5% held by South Africa\u2019s Bidvest Group. \u201cWe have a binding agreement with the Bidvest that is sacrosanct and we are seeking the court\u2019s injunction to the minority investor of MIAL to transfer its shares to any third party,\u201d argued Vikram Nankani, a senior counsel who appeared for Adani Properties. \u201cUnder the agreement, they (Bidvest) have agreed to sell its stake for Rs 1,235 crore to us.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bombay High Court has allowed the lawyers of Adani Properties time to seek direction from the company about the next course of action. Adani Properties has approached the court to restrain Bidvest from selling its stake in Mumbai International Airport (MIAL) to a third party. The Gautam Adani-controlled Adani Properties has approached the court, seeking its direction to buy out minority stake of around 13.5% held by South Africa\u2019s Bidvest Group. \u201cWe have a binding agreement with the Bidvest that is sacrosanct and we are seeking the court\u2019s injunction to the minority investor of MIAL to transfer its shares [&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-293606","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\/293606","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=293606"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/293606\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=293606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=293606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=293606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}