{"id":29085,"date":"2023-02-08T16:34:15","date_gmt":"2023-02-08T11:04:15","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=29085"},"modified":"2023-02-08T16:34:18","modified_gmt":"2023-02-08T11:04:18","slug":"no-pressure-to-hand-over-mumbai-airport-to-adani-group-gvk-boss-rebuts-rahul-gandhi-exclusive","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2023\/02\/08\/no-pressure-to-hand-over-mumbai-airport-to-adani-group-gvk-boss-rebuts-rahul-gandhi-exclusive\/","title":{"rendered":"“No Pressure To Hand Over Mumbai Airport To Adani Group,” GVK Boss Rebuts Rahul Gandhi | Exclusive"},"content":{"rendered":"\n

According to GVK’s GV Sanjay Reddy, there was “absolutely no pressure from the Adani group or anyone else” to sell Mumbai International Airport.<\/strong><\/p>\n\n\n\n

Mumbai international airport<\/h2>\n\n\n\n

GV Rahul Gandhi, a member of Congress, said that the Modi administration “hijacked” Mumbai International Airport<\/strong><\/a> from the conglomerate and gave it to the Adani group.<\/strong> Sanjay Reddy, vice chairman of the conglomerate GVK, has vehemently refuted this claim. According to Mr. Sanjay Reddy, there was “absolutely no pressure” to sell Mumbai International Airport from the Adani Group or anyone else.<\/p>\n\n\n\n

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Mumbai international airport | Aviationa2z.com<\/strong><\/figcaption><\/figure>\n\n\n\n

In July 2021, Sanjay Reddy, vice chairman of the conglomerate GVK handed over Mumbai International airport to Adani Airport Holdings Ltd.<\/p><\/blockquote><\/figure>\n\n\n\n

“A brief history of this transaction will now be provided. You know, maybe a year before that (sell) occurred, we were considering financing because, in our airport holding company, we had raised debt nearly ten years prior, when we purchased Bengaluru Airport, and that debt was approaching the due date. As a result, we had agreements with three investors while talking to investors “Mr. Sanjay Reddy informed.<\/p>\n\n\n\n

“Together, they decided to invest in this business, which will enable us to pay off the loan. However, they had several requirements, just as any foreign investor would, and then Covid struck. We received no money for three months while the airport business was closed.<\/p>\n\n\n\n

As a result, we were under increased financial strain and were attempting to cooperate with them to complete the sale as soon as possible. But nothing was occurring “said Mr. Reddy, whose company has invested more than $5 billion in a variety of industries over the past 20 years.<\/p><\/blockquote>\n\n\n\n

Sanjay Reddy, vice chairman of the conglomerate GVK said<\/h2>\n\n\n\n

In response, Mr. Reddy told reporters, “At about the same time, Gautam (Adani) bhai approached me and said he has a lot of interest in Mumbai International airport and whether we are willing to do a transaction with him at the same terms and conditions. The only difference is that he said he will ensure he will conclude the entire transaction in one month, which was very important for us.” Mr. Reddy denied any pressure from government organizations like the Central Bureau of Investigation or.<\/p>\n\n\n\n

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