Mumbai airport operator GVK is in talks with various private equity (PE) players to sell its stake in its airport business. The company is in talks with PE players like KKR, Blackstone, GA, etc to divest its stake in an move to monetize its assets. The company is looking to raise USD 400 million through this stake sale. Furthermore, the company is looking to list its airport business and is in talks with merchant bankers for the same. However, the listing is unlikely to take place before mid- FY15.
23/09/14 moneycontrol.com
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23/09/14 moneycontrol.com
