Notwithstanding Singapore court ruling, which stayed the government order for an Indian-Malaysian consortium to terminate operations there, Maldives is expected to take over operations at the country's main airport over the next few days. However, as many reports suggest, the final settlement of the dispute could involve Maldives Airport Company paying the claim of the entire $220 million that GMR consortium has invested so far.
Back in 2010, GMR Male International Airport (GMIAL), a joint venture company comprising of GMR Infrastructure (77%) and Malaysia Airports Holding Berhad (MAHB) (23%), won the right to build and operate the Ibrahim Nasir International Airport (INIA) for 25 years, which is extendable by another 10 years. The GMR -MAHB consortium had emerged successful amongst the shortlisted six parties in the Male Airport privatization global bid process managed by IFC, an arm of World Bank.
However, as per GMR, the Singapore court judgment meant that it would be able to continue running the airport. This was in light of Singapore High Court (HC) passing an injunctive relief against the Maldivian Airport Company (MACL) and the government from taking any action as per the November 27 letter. The MACL, based on the directions of the new Maldivian government, had on November 27 cancelled the contract given to GMR in 2010 during the previous regime of President Mohamed Nasheed.
| Company Name | CMP |
|---|---|
| Dreamfolks Services | 419.70 |
| GMR Airports | 79.09 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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