Spanish company Ferrovial, sovereign wealth fund Abu Dhabi Investment Authority (ADIA) and Canadian pension fund PSP Investments have submitted their bids for the stake of GVK in Mumbai International Airport Pvt (MIAL). Ferrovial and PSP Investments were shortlisted in November 2018 but after due diligence, all three submitted final bids including ADIA.

GVK holds a 50.5% stake in Mumbai International Airport Pvt (MIAL) through GVK Airports Holdings Pvt, part of the Group's Power & Infrastructure arm. It is not planning to sell the entire stake, though how much interest it will retain is unknown. Citigroup is managing the sale. GVC also owns 74% of the planned Navi Mumbai International Airport Ltd (NMIAL).

The GVK Mumbai airport is the second busiest airport in the country in terms of total and international passenger traffic and was the 14th busiest airport in Asia. GVK also received interest from infrastructure investor in Australia AMP Capital, Abu Dhabi Investment Authority and Malaysia Airports, among others.