Page 2 - Gvk Group

Bidvest moves Delhi HC against GVK, investors in airports holding firm

The lawsuit, filed on Monday, comes at a time when the Union government is seeking foreign direct investment in India, promising ease of doing business to overseas investors.

ED files charges against GVK group, promoters for Mumbai airport 'scam'

Action follows criminal case by CBI on July 27 against GVK Group Chairman Sanjay Reddy and MIAL Managing Director GV Sanjay Reddy

MIAL scam: ED files money laundering case against GVK group co, promoters

Action follows criminal case by CBI on July 27 against GVK Group Chairman Sanjay Reddy and MIAL Managing Director GV Sanjay Reddy

GVK faces an uphill task to repay bank loans of several group companies

A downgrade by rating firm, ICRA, in June had made lenders nervous after ICRA said TAJGVK's coverage metrics were also likely to weaken substantially in FY21

After CBI, ED set to charge GVK Group for Mumbai airport 'irregularities'

GVK group chairman GVK Reddy and his business associates allegedly siphoned off funds belonging to Mumbai International Airport Ltd

CBI probe, funds crunch, ratings downgrade: The many troubles of GVK Group

This comes at a time when the GVK group is already fighting multiple battles.

Top headlines: CBI, ED to charge GVK Group, Biden promises on H1-B & more

Here are the top headlines of the day

Top headlines: Modi quits Chinese social media, GVK chairman booked & more

From Chinese tech firms moving writ petitions, GST collection improving in June to PM Modi quitting Chinese social media, here are the top headlines of the day

CBI books GVK Group chairman, son for siphoning off Rs 705 cr from MIAL

Airport Authority of India Ltd had formed a Joint venture with GVK Airports Holdings Limited, promoted by GVK group under public private partnership firm Mumbai International Airport

Prove financial capability: Cidco puts GVK in dock over Navi Mumbai airport

Cidco's queries to GVK group on its financial health comes as the latter has been unable to secure funds from banks and start work on the project.

GVK Group cuts salaries by up to 30% from May as Covid-19 impacts business

The diversified group, which is into energy, resources, airports, transportation, hospitality and life sciences sectors, has around 1,800 workforce

Cidco wants to check GVK's Navi Mumbai airport stake sale for breaches

Will comply with authority's conditions, says GVK

Behind Mumbai's coronavirus crisis: Poor planning, unbridled greed

Urban planners and real estate experts say bad town planning in Mumbai and rising deaths during the ongoing pandemic are a "sad reality".

Frivolous litigation hurts India's image as FDI destination: Bidvest

South African group seeks Centre's help in Mumbai airport dispute

SC asks panel to decide on Bidvest's MIAL stake sale by December 15

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

Battle for stake in Mumbai Airport: HC refuses interim relief to Adani

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

MIAL stake buy: Adani Group seeks Bombay HC nod to close Bidvest deal

According to the agreement, the final payment and transfer of shares was September 30 which was later extended twice by consent to November 7

GVK to sell 79% stake in airport business to 3 investors, raise Rs 7,614 cr

An arbitration tribunal has given the GVK group time till October 31 to deposit Rs 1,248 crore for acquiring Bidvest's 13.5 per per cent stake

GVK to raise Rs 7,614 crore to retire debt of its holding companies

The GVK Group had earlier said it was determined to acquire the 13.5 per cent in Mumbai International Airport Limited owned by South African firm Bid Services Division Mauritius or Bidvest

Podcast: What makes Mumbai airport so attractive for Adani group?

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