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His comments come on a day when Congress leader Rahul Gandhi alleged in Lok Sabha that "Mumbai airport, was taken away from GVK using agencies such as the CBI and the ED, and was given to Adani by the Government of India".
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The Covid-19 chart now showed a total of 19,40,096 positive cases, 19,02,256 recoveries and 13,132 deaths so far.
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The GVK Group, on June 8, showcased images of the upcoming Navi Mumbai International Airport. The new airport takes its inspiration from the lotus, as per GVK.
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The stake aquisition is part of Adani Group's plan to take over controlling stake in Mumbai International Airport Ltd, or MIAL.
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The notice sent on August 27 states that constant media speculation about Adani Group’s interest in MIAL was a causing them concern
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Media reports suggest that Adani Group is keen on acquiring a controlling stake in MIAL.
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The Enforcement Directorate searches cover the residences of promoters of GVK group as well
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The CBI has registered a case of cheating and forgery against GVK Group chairman GVK Reddy, his son, GV Sanjay Reddy, MIAL and nine other companies for allegedly siphoning off Rs 705 crore from the airport.
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The diversified group, which is into energy, resources, airports, transportation, hospitality and life sciences sectors, has around 1,800 workforce.
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On September 15, an arbitral tribunal, which heard the case between GVK and Bidvest, gave GVK time till October 31 to deposit the money to buy out Bidvest shares.
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MCA is also looking into role of auditors and company officials, including company secretary
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Navi Mumbai International Airport Pvt Ltd proposed and submitted master plan to CIDCO and also provided performance security as per the terms of concession agreement.
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After completion of this 10 per cent stake buy from ACSA along with the earlier purchase of 13.5 per cent from Bidvest, GVK Group's shareholding in MIAL will increase to 74 per cent from the existing 50.5 per cent, a company statement said.
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The GVK group holds 50.5 percent stake in the airport and it wishes to sell some of it to free up cash for new projects like the second airport in the island city
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The development comes as GVK is looking to free up cash for its upcoming projects, especially the construction of the Navi Mumbai airport, at a cost of approximately Rs 14,000 crore.
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In terms of the number of passengers also, the city airport tops with 45.2 million people flying in and out in fiscal 2017 as against 44 million at Gatwick airport.f
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Public sector lender Syndicate Bank has put up land bank owned by GVK Group in GVK Perambalur SEZ Pvt Ltd in Tamil Nadu for sale as part of recovery of its outstanding loan of Rs 175 crore.
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The GVK Group that runs the swanky MIAL (Mumbai International Airport), pipped rival GMR Group on February 13, 2017, to bag the contract for the proposed international airport in Navi Mumbai, which will ease R
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The City and Industrial Development Corporation (CIDCO), for the second time on January 25, 2017, extended the deadline for submitting bids for the Navi Mumbai Airport to February 13, as it received only one R
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US buyouts firm TPG Capital, Singapore sovereign fund Temasek, Canada‘s CPP Investment Board and Prem Watsa‘s Fairfax Financial Holdings are in lining up to acquire as much as 49 percent in Mumbai International Airport Ltd (MIAL) from the GVK group
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The bids have started coming in, says GVK Reddy of GVK Group. However, he adds that GVK, GMR and the Tatas are the only qualified bidders.
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For the past week the 9,000 crore rupee loss that Vijay Mallya has caused the banking system has dominated headlines and mind space.
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At least 19 of them have already got green light from market regulator Sebi to launch their Initial Public Offers (IPOs), while draft IPO papers of eight firms are "under process" and may be cleared soon.
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Merchant banking sources said the draft papers for all the three Initial Public Offers (IPOs) were being submitted to capital markets regulator Sebi on Tuesday.
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At least 20 of these firms have already got the go-ahead from market regulator Sebi to launch their respective Initial Public Offers (IPOs), while draft IPO papers of five firms are currently "under process" but may be cleared soon.
