GVK Power and Infrastructure Ltd has announced the successful completion of the sale of its residual stake of 10 per cent in Bangalore International Airport Ltd (BIAL), held through its subsidiary, Bangalore Airport Infrastructure Developers Pvt Ltd (BAIDPL) to Fairfax India Holdings Corporation for a consideration of Rs 1,290 crore.
Tag: BIAL
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GVK completes Rs 2,200-cr stake sale in Bangalore International Airport Project
GVK Power and Infrastructure has announced that it has completed the stake sale in Bangalore International Airport Project (BIAL).
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Fairfax buys 33 per cent in Bengaluru Airport
Prem Watsa-backed Fairfax has bought a 33 per cent stake in Bangalore International Airport for Rs.2,149 crore from GVK Power and Infrastructure, which is selling assets to pare debt. Canadian billionaire Watsa controls travel operator Thomas Cook and will become the largest shareholder in BIAL, India's first newly built PPP international airport.