Unhappy with the delay in selling its stake to Adani Group in January this year due to litigation by GVK Group, Bidvest had moved the SC
Jewar Airport or the Noida International Greenfield Airport will come up in 5,000 hectare area when fully constructed
The two firms have, however, hired capacity in Adani's under-construction LNG import terminal at Dhamra.
The flagship company of Adani Group had seen a profit before tax of Rs 29 lakh in the corresponding quarter of previous fiscal 2018-19
Consolidated net profit in July-September was at Rs 120.06 crore, or Rs 1.09 per share, compared with Rs 50.66 crore, or Rs 0.46 per share, profit after tax (PAT) in the same period a year back
The firm's total income during the July-September 2019 quarter increased to Rs 2,638.32 crore, compared with Rs 1,462.56 crore a year ago
GVK, which owns 50.5 per cent in the airport, had exercised its right of first refusal to acquire Bidvest shares earlier in the year, but failed to conclude the deal
Adani Group had approached the high court in September seeking execution of its agreement with Bid Services Division Mauritius ('Bidvest'), for sale of Bidvest's 13.5% stake in the airport to Adani
According to the agreement, the final payment and transfer of shares was September 30 which was later extended twice by consent to November 7
Will the DRI appeal against the order of the Bombay High Court?
GMR has right of first refusal if its bid is equal to or less than 10% of the highest
Digital Realty, the US-based firm, is a global provider of data centre, co-location and interconnection solutions.
While the Adani group has signed an agreement to acquire 13.5 per cent in Mumbai airport, it wants to increase its stake further over time and has set aside Rs 10,000 crore for the purpose
From Adani Group's plans to invest Rs 18,000 crore in airport business to Wipro promoting over 5,000 employees to check attrition rate, here are the top 10 business headlines on Monday
Sets aside Rs 10,000 cr to buy Mumbai airport stake
The Adani group's bids far outstripped those of the competitors
AGEL, a subsidiary of the Adani Group and one of the largest renewable power generation companies in India, on Friday said it has raised $362.5 million through a dollar bond issuance.
Funds will be used to retire foreign currency and rupee loans; balance will go towards capex and other purposes
Adani group and GVK are locked in a tussle for control of the 13.5% stake in Mumbai airport
So far, Adani has made initial moves in businesses like petrochemicals, natural gas and petroleum retailing where RIL is an established player