New Delhi, Oct.22 (HS): An unrelenting blame game has been started between GVK group, an infrastructure based company that is maintaining Mumbai International Airport and a capital giant Adani Group that is, according to a spokesperson of GVK, making nuisance for getting shares in Mumbai International Airport Limited (MIAL) from an African company, Bidvest having 13.5 equity in MIAL.
Meanwhile, a spokesperson of Adani Group has countered this allegation and said that GVK has no money so it has adopted a delaying tactics.
Following is an excerpt of chat by this correspondent with that spokesperson.
Correspondent: GVK group is blaming Adani for creating nuisance against them through MCA. What Adani has to tell in this regard. I am Pramod Kumar Mishra from Hindusthan Samachar Delhi.
(In answer he sent a news clipping to this correspondent.)
Correspondent: This not answer to my question. When GVK has first refusal right then how can you acquire 13.5 percent of shares.
Spokesperson: There deadline was March 2019. It’s over. They are still blocking bidwest. Why ? Pl. get all facts correct. It’s under arbitration now. So can’t comment officially. GVK lousy the right of first refusal after March.
Correspondent: In between arbitration tribunal has given GVK time upto 31st October 2019.
Spokesperson: They are blocking and trying to delay with bidwest is eager to sell its stake. Why can’t GVK deposit the 1200 crs and buy the stake ? Does it have the money ?
Correspondent: But the time is upto 31st October, Sir.
Spokesperson: Delay tactics.
Correspondent: May be so but you have to wait till then.
Spokesperson: We have no issues.
However, there has been conflicting background to this story. As per information given to Bombay Stock Exchange on 23rd Feb, 2019, GVK has right of first refusal in the matter of acquisition of share belonging to African company Bidvest.
