{"id":295000,"date":"2019-10-04T12:20:45","date_gmt":"2019-10-04T06:50:45","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=295000"},"modified":"2019-10-04T12:20:45","modified_gmt":"2019-10-04T06:50:45","slug":"mumbai-airport-bombay-hc-adjourns-hearing-on-sale-of-bidvest-stake","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mumbai-airport-bombay-hc-adjourns-hearing-on-sale-of-bidvest-stake\/","title":{"rendered":"Mumbai Airport: Bombay HC adjourns hearing on sale of Bidvest stake"},"content":{"rendered":"<p>The Bombay High Court adjourned the hearing on the disputed sale of the Bidvest Group\u2019s 13.5% stake to the Adani Group in the GVK-run Mumbai International Airport (MIAL) to November 5. The court also disposed a motion by Adani Properties seeking an injunction on Bidvest restricting the company from selling its shares to any other third party.<\/p>\n<p>The proceedings followed a plea filed by Adani Properties in the high court last month seeking that it declare a purchase agreement between the Adani Group and Bidvest for its stake in MIAL as \u201cvalid, subsisting and binding.\u201d<br \/>\nAdani Properties had in March entered into a share purchase agreement (SPA) with Bid Services Division (Mauritius) \u2013 the Bidvest Group\u2019s Mauritius-based arm \u2013 to buy its entire stake of 16.2 crore shares in MIAL for Rs 1,248 crore at Rs 77 per share. The long-stop date for the SPA, or the date by which the agreement must be executed, is September 30.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bombay High Court adjourned the hearing on the disputed sale of the Bidvest Group\u2019s 13.5% stake to the Adani Group in the GVK-run Mumbai International Airport (MIAL) to November 5. The court also disposed a motion by Adani Properties seeking an injunction on Bidvest restricting the company from selling its shares to any other third party. The proceedings followed a plea filed by Adani Properties in the high court last month seeking that it declare a purchase agreement between the Adani Group and Bidvest for its stake in MIAL as \u201cvalid, subsisting and binding.\u201d Adani Properties had in March [&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":[196,130,138],"tags":[],"class_list":["post-295000","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/295000","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=295000"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/295000\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=295000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=295000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=295000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}