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Article: India: GVK acquires 12 percent stake in Bangalore airport.

Article from:
TendersInfo
Article date:
November 6, 2009
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Byline: kusumv03

GVK Power and Infrastructure has approved a 12 percent stake acquisition in Bangalore International Airport Ltd from Zurich Airport for Rs.484 crore, the company said here Thursday.

The acquisition will be done through GVK Airport Developers, a wholly-owned subsidiary of GVK Power and Infrastructure, a leading infrastructure developer and also one of the promoters of Mumbai International Airport Ltd.

The acquisition of the airport s shares is in line with GVK s plans to expand its airport development business in India and mark its presence in south India, a fast-growing aviation market.

Simultaneously, GVK has also ...

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