GVK Power raises stake in profitable Bengaluru Airport. Committed to domestic airport sector
India's GVK Power & Infrastructure has acquired 53.8 million shares, or 14% additional stake, in Bangalore International Airport (BIAL), operator of Bengaluru Airport, from partner Siemens Project Ventures at INR114/share. The INR6.2 billion (USD136 million) acquisition has made GVK the largest stakeholder in the airport with a 43% stake and values the airport at almost INR44.4 billion (USD972 million).
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