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25 May, 2015 18:55 IST

Source: rss | 25-May-15
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A Singapore court today ruled that the Maldives Government can take back the Male International Airport from Indian infrastructure major GMR Infrastructure.

''Singapore Court of Appeal has passed judgement that the Maldives Government has the authority to take back the airport,'' Maldives President Mohamed Waheed's Press Secretary Masood Imad said in Male.

He further said, ''Maldives will go ahead with the transfer as scheduled.''

Shares of the company declined Rs 0.25, or 1.25%, to settle at Rs 19.80. The total volume of shares traded was 3,573,188 at the BSE (Thursday).



G M R Infrastructure Limited  

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