Bangalore: Malaysia Airports Holdings Berhad (MAHB), which holds 20 per cent stake in the consortium for Istanbul Sabiha Gokcen (ISG) International Airport, announced that it plans to buy 40 per cent stake held by Bangalore-based GMR Group for 225 million euros, or Rs 1,910 crore.
The development comes within days of media reports last week wherein GMR Group Chairman G M Rao was quoted as saying that there were no plans to exit from the ISG Airport.
In a regulatory filing to Bursa Malaysia (formerly Kuala Lumpur Stock Exchange) on Monday, MAHB said that its proposes to buy 27.55 per cent stake held by GMR Infrastructure and 12.45 per cent held by GMR Infrastructure Overaseas in the airport project.
24/12/13 Deccan Herald
To Read the News in full at Source, Click the Headline
The development comes within days of media reports last week wherein GMR Group Chairman G M Rao was quoted as saying that there were no plans to exit from the ISG Airport.
In a regulatory filing to Bursa Malaysia (formerly Kuala Lumpur Stock Exchange) on Monday, MAHB said that its proposes to buy 27.55 per cent stake held by GMR Infrastructure and 12.45 per cent held by GMR Infrastructure Overaseas in the airport project.
24/12/13 Deccan Herald
