IndiaCatalog.com
India News
Search Web Directory
News Home
Malaysia Airports Holding cancels Hyd airport stake sale pact with GMR
Posted on 3rd January 2019
Malaysia Airports Holding Berhad has said it terminated the Share Purchasing Agreement (SPA) with the GMR Group for selling its 11 per cent stake to the latter as the Indian infra major did not fulfil the obligations as per the agreement before December 31.

GMR Infrastructure Limited in February last year said its subsidiary GMR Airports Limited entered into an agreement with Malaysia Airports Holding Berhad and its subsidiary to acquire 11 per cent of the stake that the Malaysian company is holding in GMR Hyderabad International Airport, for $76 million.

"The Board of Directors of MAHB wishes to announce that the SPA has been automatically terminated due to failure of the purchaser to complete their obligation in accordance with the terms of the SPA by 31 December 2018. Therefore, MAHB and MAHB (Mauritius) Private Limited shall remain as shareholders of GHIAL accordingly," MAHB said in a regulatory filing Wednesday.

GHIAL, a special purpose vehicle manages Rajiv Gandhi International Airport here.

GAL currently holds 63 per cent stake and the remaining in the company is held by Airports Authority of India (13 per cent) and the Telangana government (11 per cent).

GMR Infrastructure shares were trading at Rs 16 apiece on the BSE at 10 a.m.

Related Companies: GMR Group   

Other Latest News
Amazon to close its online biz in China: Report
Posted on 23rd April 2019
Retail giant Amazon will withdraw its domestic e-commerce marketplace business in China, effective from July 18, but will keep operating its other business sections, including Amazon Web Services, Kindle e-books and cross-border operations.

Facing stiff competition from local online marketplace operators, including Alibaba, JD.com as well as the fast-growing Pinduoduo, Amazon's exit from e-commerce business would be the end of the company's 15 years of journey into the China market.


Microsoft employees decry Jack Ma backed '996' Chinese work culture
Posted on 23rd April 2019
San Francisco: A group of Microsoft employees has come forward to support Chinese tech workers on the gruelling '996' culture, writing a petition in defence of a trending GitHub repository that is being censored in China.

In a letter written on web-hosting service Github, owned by Microsoft, the employees have asked the company to keep the "996.ICU" GitHub repository uncensored, The Verge reported on Monday.


Bitcoin prices surge to a six-month high, after 35% gain this month
Posted on 23rd April 2019
Bitcoin prices jumped today to its highest in six months, pulling smaller cryptocurrencies up with it in a move that traders and analysts ascribed to technical forces with no apparent news catalysts at play.

Bitcoin, the biggest virtual coin, climbed as much as 4.5% in early trading to top $5,600 briefly, touching its highest since November 18.


Vicks, Gillette, Pantene maker P&G found guilty under GST anti-profiteering
Posted on 23rd April 2019
The GST profiteering investigation arm has found leading FMCG firm P&G India guilty of not passing on GST rate cut benefits to the tune of about Rs 250 crore by commensurate reduction in prices. Based on a complaint filed before the standing committee, the Directorate General of Anti profiteering (DGAP) investigated the books of accounts of P&G India pre and post November 15, 2017, and concluded that the consumer goods manufacturer has not lowered prices of certain of its products despite cut in GST rate to 18 per cent from 28 per cent.

Paytm takes cue from Alibaba, launches credit score check facility for app users
Posted on 23rd April 2019
Digital payments company Paytm has now enabled users to check their credit scores on its mobile app. Users can access the service by clicking on ‘My Credit Score’ under their user profile section. Paytm-backer Alibaba’s financial services affiliate Ant Financial had launched a similar service called Sesame Credit in January 2015 for individual credit scores of customers and small business owners.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Malaysia Airports Holding cancels Hyd airport stake sale pact with GMR
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Malaysia Airports Holding cancels Hyd airport stake sale pact with GMR

Most Read News

JustDial data leak exposed personal details of 100 million users: IT expert

Uber nears deal with Softbank-led group for self-driving car unit: Report

Jet shares sink 34% but lenders hopeful of successful bids for airline

Wipro trades flat on muted June quarter revenue guidance

SC admits plea to lift ban on Muslim women entering mosques

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019 IndiaCatalog.com
    All Rights Reserved
Privacy Statement