An investigation, a legal notice, and pressure from lenders: what forced GVK to sell its crown jewel
For years, GVK managed to evade takeover of its airports business by stronger players. A decade-and-a-half after it won the bid to privatise India’s second-busiest airport, it has now bowed out, forced by an ongoing financial probe and pressure from lenders. Its exit from the business has been as dramatic as its entry. Here’s the untold story.