Business Standard

GVK-Bidvest talks on stake sale have failed: Lawyers to Delhi HC

GVK had last week moved the HC seeking to stop its South African partner Bidvest from selling its stake in MIAL

MIAL
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Mumbai Airport

Aashish Aryan New Delhi
The talks between GVK Airport Holdings, a step-down subsidiary of GVK Power & Infrastructure, and Bid Services Division (Mauritius), an arm of Bidvest, to come to an agreement on the stake sale of the latter in Mumbai International Airport Limited (MIAL), has not yielded any result, the lawyers for the two parties informed the Delhi High Court (HC) on Thursday. The court will now start hearing both the parties from April 29.

GVK Airport Holdings and Bid Services Division (Mauritius) had on Monday told the HC that they wanted to sit down and talk to each other before moving further

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