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The bidder for Indian airline Go First has increased their bid following pressure from banks and lenders. Adani group's airport business faces regulatory scrutiny with setbacks due to related party issues and profit maximization concerns. Ajay Singh and Nishant Pitti have raised their joint offer to acquire bankrupt Go First airline.
The Airports Economic Regulatory Authority (AERA), has turned down proposed commercial structures to operate and generate revenues in three of Adani airports— Lucknow, Ahmedabad and Mangaluru. Read more: https://t.co/mTfx13ysmV By @PRINCE0879
Rating agencies forecast that Adani Airport Holdings will be spending Rs 14,300 crore (about $1.7 billion) on its airports business, bulk of it funded by debt. Business already has a debt of Rs 15,000 crore. Read more: https://t.co/mTfx13ysmV By @PRINCE0879
Ajay Singh and Nishant Pitti make an opportunistic team. As they up their offer to acquire Go First from creditors, this is a story you'd like to read. https://t.co/mhAUzYQtOg
