 "airports")
The Bidvest Group of South Africa, which is waiting to sell its 13.5 per cent stake in Mumbai International Airport (MIAL) for a year, has written to the central government, saying “prolonged and vexatious litigation” by GVK Group has led to huge losses for the company and negatively impacted India’s image as a foreign direct investment destination.
“Not only has this prejudiced us, it also reflects badly on India as a jurisdiction that is conducive to foreign investment,” Bidvest wrote in a letter to the government on January 17. In March last year, Bidvest decided to sell its stake to
