Gautam Adani says the company will bid for upcoming second airports built across cities
While the group hadn't built on its airport assets, its entry into coal, power and roads was the proverbial last straw that saw its lose its crown jewel in Mumbai
The deal has been finalised even though a consortium of foreign investors which had earlier signed a binding agreement with GVK group for buying the asset has legally challenged it
August-end loan deadline brought GVK to negotiating table
The move led arbitral tribunal to vacate the order of injunction that had restrained Bidvest and ACSA from selling their shares to any third party, firm says in response to legal notice
Here's a selection of Business Standard opinion pieces for the day
"If the government runs an airport or an airline, then they have to follow the government rules like L1 and L2, and that is not how commercial entities can run," Puri said
Issues related to airport deal raise questions
Call Mumbai airport stake sale to Adani a breach of agreement
Is dominance of big players necessarily a bad thing?
The company is aiming to become the leading airport operator in the country after getting access to the key Mumbai airport and that has driven investor sentiment and confidence, say experts
Project has been under planning for past 15 years but failed to close financially as GVK group, from whom Adani is taking over, is neck deep in problems
According to report, the transaction under which Adani Group will acquire 50.5 per cent of GVK Group could be announced before next week
From Adani Group eyeing 74% stake in Mumbai International Airport to decline in tax mop up in metros, here are top headlines this morning
Makes group second-largest private airport operator
After CRISIL downgrades company debt, bankers ask GVK group to come out with repayment plan
Also talking to airlines to see if test costs can be included in ticket price
Airlines flew 2.1 mn passengers in July, against 1.9 mn in June
Under the pacts, airlines such as Air India, Air France, and Lufthansa are operating on these routes, MIAL said
Here are the top headlines of the day