Mumbai Metro-1 takeover: Why did Maharashtra govt backtrack on R-Infra share buyback within 3 months?

Metro-1, the only corridor under public-private partnership, is managed by a special purpose vehicle (SPV), Mumbai Metro One Private Ltd (MMOPL). MMRDA holds 26 per cent stake in the SPV and Anil Ambani’s R-Infra has 74 per cent stake. On March 11 this year, the state government had approved the purchase of 74 per cent stake of R-Infra in Metro-1 for Rs 4,000 crore by the Mumbai Metropolitan Region Development Authority (MMRDA), as per a report by The India times .