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).

Archives

DISCLAIMER: PrivateJetsCharter is not a part 135 air carrier and only acts as an agent to provide info on the best carrier available for charter. PrivateJetsCharter arranges flights on behalf of jet charter clients with FAR Part 135 air carriers that exercise full operational control of charter flights at all times. Flights will be operated by FAR Part 135 direct air carriers that have been certified to provide service for PrivateJetsCharter clients and that meet all FAA safety standards and additional safety standards established by PrivateJetsCharter.