Business Economy

GVK Power arm to buy 10% stake in MIAL

GVK Power & Infrastructure Ltd. on Friday said its step-down subsidiary GVK Airport Holdings will acquire 12 crore shares of Mumbai International Airport Ltd. (MIAL) from ACSA Global for ₹77 each. On completion of the 10% acquisition from ACSA, along with the earlier acquisition of 13.5% from Bidvest, the shareholding of the GVK Group in MIAL will increase to 74% from the existing 50.5%, GVK Power & Infrastructure said.

Source: thehindu.com

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