GVK claims to have money to acquire Bidvest stake in MIAL

GVK claims to have money to acquire Bidvest stake in MIAL

File photo of the Mumbai airport. GVK Airport owns a majority 50.5% stake in Mumbai International Airport and 43% in Bengaluru International Airport. Photo: Abhijit Bhatlekar/Mint

The GVK-Bidvest case took a new turn on Thursday as GVK Airport Holdings came forward with a sealed envelope citing avenues through which it has raised for the1,250 crores needed to acquire the overseas investor’s stake in Mumbai International Airport Ltd (MIAL).