NEW DELHI: Mumbai airport was not тАЬhijackedтАЭ by the Modi government from the GVK Group to be handed over to Gautam Adani. GVK vice-chairman G V Sanjay Reddy has refuted Congress leader Rahul GandhiтАЩs allegation made in Parliament on Tuesday that his conglomerate was forced to hand over the airport to the Adani Group in July 2021.
тАЬThere was absolutely no pressure from the Adani group or anyone else to sell Mumbai airport.тАж maybe a year before that (sale), we were looking at fundraising because in our airport holding company we had raised debt nearly 10 years ago, when we acquired Bengaluru airport and that debt was becoming due. So we were talking to investors and we had tied up with three investorsтАж But (the transaction) was not happening,тАЭ Reddy told on Tuesday.
тАЬThere was absolutely no pressure from the Adani group or anyone else to sell Mumbai airport.тАж maybe a year before that (sale), we were looking at fundraising because in our airport holding company we had raised debt nearly 10 years ago, when we acquired Bengaluru airport and that debt was becoming due. So we were talking to investors and we had tied up with three investorsтАж But (the transaction) was not happening,тАЭ Reddy told on Tuesday.
тАЬSo around the same time Gautam (Adani) bhai approached me and he said he has a lot of interest in Mumbai airport and whether we are willing to do a transaction with him at the same terms and conditions – the only difference being that he said he will ensure he will conclude the entire transaction in one month, which was very important for us,тАЭ Reddy told NDTV, denying any pressure from CBI or ED.
