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Hyderabad airport: MAHB cancels stake sale pact with GMR

Saturday, January 5, 2019, 7:45 AM

Malaysia Airports Holding Berhad has said it terminated the Share Purchasing Agreement (SPA) with the GMR Group for selling its 11% stake to the latter as the Indian infra major did not fulfil the obligations as per the agreement before December 31. Therefore, MAHB and MAHB (Mauritius) Private Limited shall remain as shareholders of GHIAL accordingly, MAHB said in a regulatory filing Wednesday.