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GVKPIL seeking to increase stake in BIAL

19-Jul-2010 12:39 PM

India’s GVK Power and Infrastructure Ltd (GVKPIL), 29% stakeholder in Bangalore International Airport Ltd (BIAL), announced plans to increase its stake in the company, as shareholders complete their three-year lock-in period in the coming months (Business Standard, 17-Jul-2010). BIAL COO, Hari Marar, added GVKPIL is considering plans to acquire Siemens’ 40% stake in BIAL, for which the companies would establish an agreement to purchase the stake at a future date and predetermined price.