India's GVK looking to raise cash to ward off hostile takeover bid for Mumbai airport

India's GVK looking to raise cash to ward off hostile takeover bid for Mumbai airport

Vaishag Menon/Unsplash

GVK Airport Holdings Ltd, the majority owner of Mumbai International Airport Ltd (MIAL), has approached lenders to urgently raise cash to ward off a potential takeover of the prized asset, two people directly aware of the development said requesting anonymity.

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