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My flight was delayed by over 3 hours. The carrier did not compensate for it. Here's how it unfolded

Mumbai, <keyword id="6367820" type="COMPANY" weightage="20" keywordseo="adani-group">Adani Group</keyword>'s flagship holding <keyword id="10722889" type="UNKNOWN" weightage="20" keywordseo="company-adani-airport-holdings-ltd">company Adani Airport Holdings Ltd</keyword> (AAHL) has acquired 23.5 per cent stake in the <keyword id="6592232" type="COMPANY" weightage="20" keywordseo="mumbai-international-airport-ltd">Mumbai International Airport Ltd</keyword> (MIAL) from ACSA Global Ltd (ACSA) and Bid Services Division (Mauritius) Ltd (Bidvest) for ₹1,685.25 crore. In a <keyword id="525282" type="PERSON" weightage="20" keywordseo="regulatory-filing">regulatory filing</keyword>, <keyword id="118623" type="DOMAIN" weightage="20" keywordseo="Adani-Enterprises">Adani Enterprises</keyword> said that AAHL has acquired 28.20 crore equity shares of MIAL. AAHL is also a wholly owned subsidiary of Adani Enterprises. "Adani Airport Holdings Ltd has acquired 23.5 per cent equity stake i.e. 28,20,00,000 equity shares of ₹10 of Mumbai International Airport Ltd from ACSA Global Ltd and Bid Services Division (Mauritius) Ltd," the filing said. Incorporated on March 2, 2006, MIAL is engaged in the business of development, construction and operation of the Chhatrapati Shivaji Maharaj International Airport. In August last year, the AAHL entered into an agreement to acquire the debt of GVK Airport <keyword id="311614" type="DOMAIN" weightage="20" keywordseo="Developers-Ltd">Developers Ltd</keyword> (GVKADL) which in turn would help the Adani Group acquire controlling interest in MIAL. GVKADL is the holding company through which <keyword id="6608657" type="COMPANY" weightage="20" keywordseo="GVK-Group">GVK Group</keyword> holds 50.50 per cent equity stake in the Mumbai International Airport Ltd (MIAL), which in turn holds 74 per cent equity stake in the Navi Mumbai International Airport Ltd. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/heres-why-you-arent-being-able-to-apply-for-brookfield-reit-ipo-through-zerodha-groww-angel-broking-and-other-stockbroking-apps/articleshow/80686457.cms">Here's why you aren't being able to apply for Brookfield REIT IPO through Zerodha, Groww and other stockbroking apps</a> <a href="https://www.businessinsider.in/stock-market/news/analysts-explain-why-indigo-paints-shares-fell-with-a-thud-just-like-burger-king-and-mrs-bectors-and-what-to-do-with-it-now/articleshow/80704864.cms">Indigo Paints joins the league of Burger King and Bector's — frenzied IPOs that fizzled out</a> <a href="https://www.businessinsider.in/tech/news/the-india-stack-that-bill-gates-and-sundar-pichai-so-love-is-set-to-get-much-bigger-thanks-to-the-indian-governments-new-blockchain-strategy/articleshow/80718403.cms">The India stack that Bill Gates and Sundar Pichai so love is set to get much bigger – thanks to the Indian government’s new blockchain strategy</a>

Adani Group acquires 23.5% stake in Mumbai International Airport for ₹1,685 crore

<keyword id="865962" type="COMPANY" weightage="20" keywordseo="Fair-trade">Fair trade</keyword> regulator CCI on Thursday approved <keyword id="76451" type="DOMAIN" weightage="20" keywordseo="Adani">Adani</keyword> Properties' acquisition of 23.5 per cent stake in the country's second busiest aerodrome Mumbai International Airport. Adani Properties has acquired the shares from Mauritius based Bid Services Division and ACSA Global Ltd. As per the combination notice filed with CCI, the transaction involves acquisition of shares through two separate share purchase agreements. While Adani is buying 13.5 per cent stake in Mumbai International Airport from Bid Services Division, the rest 10 per cent has been acquired from ACSA, as per the notice said. In a separate tweet, Competition Commission of India (CCI) said it "approves merger of the BNP Paribas Mutual Fund and the Baroda Mutual Fund". Bank of Baroda and BNP Paribas Asset Management in a joint statement in October had said they entered into binding agreements. The strategic alliance would allow both companies to leverage each other's strengths to offer products specially designed for retail and institutional clients in India, they had said. Baroda Asset Management is a wholly-owned subsidiary of Bank of Baroda, while BNP Paribas Asset Management India is an entity of BNP Paribas Asset Management Asia. The regulator has also given nod to "secondary acquisition of additional 3.28 per cent of the issued and paid up share capital of Delhivery Private Limited by SVF Doorbell (Cayman) Ltd". In February 2019, CCI had approved SVFD's subscription to compulsorily convertible preference shares amounting to 22.44 per cent of the total shareholding of DPL (Delhivery Pvt Ltd) on a fully diluted basis. "Accordingly, subsequent to the investment, SVFD will hold up to approximately 25.72 per cent the issued and paid up share capital of DPL on a fully diluted basis," CCI said. Further, in another tweet, the regulator approved "subscription to securities of Ecom Express Private Limited by CDC Group plc". CDC is a development finance institution, wholly owned by the UK government, which provides scarce and patient capital to private sector entrepreneurs in developing countries, the combination notice said. Besides, Ecom Express is engaged in third party logistics services including delivery services and e-KYC facilitation for the customers of banks, NBFCs and other companies that require such services among others, it added. SRS BAL

Adani can buy stake in Mumbai airport after CCI approval

New Delhi, Nov 14 () Fair trade regulator CCI on Thursday approved Adani Properties' acquisition of 23.5 per cent stake in the country's second busiest aerodrome Mumbai International Airport.
Adani Properties has acquired the shares from Mauritius based Bid Services Division and ACSA Global Ltd.
As per the combination notice filed with CCI, the transaction involves acquisition of shares through two separate share purchase agreements.
While Adani is buying 13.5 per cent stake in Mumbai International Airport from Bid Services Division, the rest 10 per cent has been acquired from ACSA, as per the notice said.
In a separate tweet, Competition Commission of India (CCI) said it "approves merger of the BNP Paribas Mutual Fund and the Baroda Mutual Fund".
Bank of Baroda and BNP Paribas Asset Management in a joint statement in October had said they entered into binding agreements.
The strategic alliance would allow both companies to leverage each other's strengths to offer products specially designed for retail and institutional clients in India, they had said.
Baroda Asset Management is a wholly-owned subsidiary of Bank of Baroda, while BNP Paribas Asset Management India is an entity of BNP Paribas Asset Management Asia.
The regulator has also given nod to "secondary acquisition of additional 3.28 per cent of the issued and paid up share capital of Delhivery Private Limited by SVF Doorbell (Cayman) Ltd".
In February 2019, CCI had approved SVFD's subscription to compulsorily convertible preference shares amounting to 22.44 per cent of the total shareholding of DPL (Delhivery Pvt Ltd) on a fully diluted basis.
"Accordingly, subsequent to the investment, SVFD will hold up to approximately 25.72 per cent the issued and paid up share capital of DPL on a fully diluted basis," CCI said.
Further, in another tweet, the regulator approved "subscription to securities of Ecom Express Private Limited by CDC Group plc".
CDC is a development finance institution, wholly owned by the UK government, which provides scarce and patient capital to private sector entrepreneurs in developing countries, the combination notice said.
Besides, Ecom Express is engaged in third party logistics services including delivery services and e-KYC facilitation for the customers of banks, NBFCs and other companies that require such services among others, it added. SRS
BAL

CCI approves Adani's 23.5 pc stake-buy in Mumbai International Airport

New Delhi, Aug 23 (IANS) More trouble is brewing for GVK Infrastructure and Power, including Mumbai International Airports Limited (MIAL) after the action by enforcement agencies as the lenders are in the process of appointing a forensic auditor. Top banking sources revealed that this is imminent after the PWC walk out. GVK Infrastructure and Power including Mumbai International Airports Limited (MIAL) have been facing action by the enforcement agencies, CBI and ED. The CBI filed a chargesheet on June 27 while ED filed its chargesheet on July 7. Based on RBI Master Directions on Frauds, dated July 1, 2016 (updated on July 3, 2017), State Bank of India is believed to be appointing Deloitte as the forensic auditor to check the accounts of MIAL for the past 10 years. MIAL is operating the Mumbai Airport in a joint venture with the Airports Authority of India. PriceWaterhouse Coopers has recently submitted its resignation as auditors from GVK Infrastructure and Power and GVK Airport Developers. PWC resigned as statutory auditors following the CBI and ED raids in MIAL. PWC in a letter has cited the recent events at MIAL to ascertain the appropriateness of continuing as statutory auditors in the company. PWC said in the letter to the audit committee of the companies that it is waiting for explanations and information from the company to finalise the audit for financial statement of the year ended March 31, 2020. The auditors said the company had still not provided the details which is reiterated in their resignation letter. While the crisis regarding GVK and MIAL is unfolding, there are reports that the Adani Group is looking to acquire control of MIAL with a 51 per cent stake. Adani and GVK have been locked in a legal tussle as Adani has been eyeing the Mumbai airport company. In the MIAL shareholding structure, GVK holds 50.5 per cent, while 26 per cent holding is with Airports Authority of India and 23.5 per cent is with South African companies, Bidvest at 13.5 per cent and Airports Company South Africa at 10 per cent. --IANS san/dpb

More trouble for MIAL as SBI likely to appoint forensic auditor

Mumbai, Apr 25 () AAI-GVK group-run Mumbai airport on Saturday announced a slew of safety measures for resumption of commercial air passenger services in the post-lockdown period.The airport has formulated SOPs for post-lockdown safety of the passengers like social distancing, stringent thermal screening, positioning temporary quarantine centres, sanitising and disinfecting the airport to ensure safety and well-being of the passengers, once operations resume, Mumbai International Airport Ltd (MIAL) said in a release.MIAL is the joint venture company, managing and operating the city airport.To enable safety precautions at the airport, Chhatrapati Shivaji Maharaj International Airport (CSMIA) plans to maintain social distancing through distinctive markings at both the terminals -- T1 and T2, maintaining 1.5 meters distance between each passenger as per the social distancing norms issued by the aviation regulator DGCA, MIAL said.The special markings will be spread across the entry gate, check-in counters, self-check-in kiosks, security checkpoints, food courts, lounge area and the boarding area amongst others. Furthermore, the seating arrangements at the food court as well as in the terminal building are reshuffled in a manner that promotes social distancing, it said.Additionally, the airport authorities have also created quarantine centres at both T1 and T2 in case of any passenger showing symptoms of the coronavirus during the screening, which will be conducted before entering the terminal building.The airport will be assigning their personnel to assist travellers at the self check-in kiosks to help with the boarding copy and other details along with stationing hand sanitisers at all the touchpoints, it added.In a bid to enhance passenger safety and lower the chances of spread of the virus, MIAL puts special emphasis on the need for passengers to wear masks and gloves during the entire course of their travel, the airport operator said, adding that it also encourages passengers to check-in online from their home or office, the use of card payment transaction and contactless payment at the airport restaurants and retail stores.The operator also said that in the initial phase of resuming operations, the airport will be functioning with 50 per cent staff strength as per the government directives.The airport maintenance staff have been provided with renewed and effective cleaning procedures to efficiently sanitise and disinfect the terminal building, including the vital areas where human hands come to play such as elevator buttons, escalators, immigration counters, to name a few.Regular stakeholder meetings are being held to ensure compliance across the board, and specialized training sessions are conducted for all airport personnel, it said. IAS BALBAL

Mumbai Airport announces safety measures for post-lockdown period

With so many highway movies doing the rounds, sojourning from city to city and state to state feels like a romantic prelude to a long <keyword id="6374782" type="UNKNOWN" weightage="100" keywordseo="journey">journey</keyword> of self-discovery – till reality strikes. And just like a movie, the reality can be multilayered – varying from bad roads to gasping traffic and minimal road safety. But we promised you relief from those travelling conditions the next time we return with our <keyword id="2053047" type="UNKNOWN" weightage="100" keywordseo="Open-roads">Open Roads</keyword> series. And here we are, with more information about a whole new bunch of <keyword id="2074695" type="UNKNOWN" weightage="100" keywordseo="Intracity-and-inter-city-expressways">intracity and inter-city expressways</keyword> that not only reduce <keyword id="4251245" type="UNKNOWN" weightage="100" keywordseo="Commute-time">commute time</keyword> but also reshape a country’s landscape, <keyword id="34412" type="ORGANIZATION" weightage="80" keywordseo="economy">economy</keyword> and way of life. In the last slideshow of this series, the journey begins from the <keyword id="44875" type="UNKNOWN" weightage="100" keywordseo="West-coast">west coast</keyword> and goes down south. 
 As we have mentioned before, expressways are limited-access roads designed for high-speed traffic. The economic impact of an <keyword id="2074705" type="UNKNOWN" weightage="100" keywordseo="Expressway-network">expressway network</keyword> criss-crossing the country is all too obvious and the <keyword id="6404450" type="ORGANIZATION" weightage="100" keywordseo="Ministry-of-Road-Transport-and-Highways">Ministry of Road Transport and Highways</keyword> (MoRTH) has already recommended a total <keyword id="2074707" type="UNKNOWN" weightage="100" keywordseo="E-way-network">e-way network</keyword> of about 18,637 km in the country. Development work is being done in three phases and is scheduled to be completed by 2022. During the Interim Budget, <keyword id="6355261" type="POSITION" weightage="60" keywordseo="Finance-minister">Finance Minister</keyword> <keyword id="43940" type="PERSON" weightage="60" keywordseo="P-Chidambaram">P Chidambaram</keyword> also told the Parliament the road network in the country witnessed over sevenfold increase at 3.89 lakh km over the past decade. 
 Does that mean we may soon see an <keyword id="2074709" type="UNKNOWN" weightage="100" keywordseo="E-way-ecosystem">e-way ecosystem</keyword> similar to the interstate system in the US? Given the obstacles in terms of <keyword id="6364579" type="UNKNOWN" weightage="100" keywordseo="Land-acquisition">land acquisition</keyword>, <keyword id="414903" type="UNKNOWN" weightage="100" keywordseo="fund-crunch">fund crunch</keyword> and <keyword id="2074714" type="UNKNOWN" weightage="100" keywordseo="Slow-implementation">slow implementation</keyword>, it’s definitely going to take some time. Meanwhile, hop into the driver’s seat and go off exploring some super-fast roads you have not travelled yet. After all, it’s a journey with no end… and wheels will always need roads. 
 
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You Searched For "Mumbai International Airport Limited MIAL" and got 7 results

My flight was delayed by over 3 hours. The carrier did not compensate for it. Here's how it unfolded

Ira Alok Puranik

Adani Group acquires 23.5% stake in Mumbai International Airport for ₹1,685 crore

IANS

Adani can buy stake in Mumbai airport after CCI approval

PTI

CCI approves Adani's 23.5 pc stake-buy in Mumbai International Airport

PTI

More trouble for MIAL as SBI likely to appoint forensic auditor

IANS

Mumbai Airport announces safety measures for post-lockdown period

PTI

Be It Intracity Or Inter-city, These 5 Expressways Make Travelling A Breeze

Sanghamitra Mandal

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