GVK group wants AAI aid to block Adani's bid for Mumbai airport

GVK group owns 50.5% in MIAL, which operates the country's second busiest airport

The GVK group is planning to exercise the right of first refusal to stall the Adani group’s entry into Mumbai airport, but high debt may force it to seek help from the Airports Authority of India (AAI).

The Adani group has proposed the acquisition of a 23.5 per cent stake in Mumbai International Airport (MIAL) from two South African entities, as it looks to expand its aviation business. The move could bring it in conflict with the GVK group.

The GVK group owns 50.5 per cent in MIAL, which operates the country’s second-busiest airport. GVK holds the right of first