GVK Power & Infrastructure has acquired 100 percent stake in GVK Airport Services, which operates Mumbai and Bengaluru international airports. In a regulatory filing, GVK Power & Infrastructure said: "The company has acquired 100 percent equity share capital of GVK Airport Services Pvt Ltd on June 04, 2015 (10,000 equity share of Rs 10 each). As a result, GVK Airport Services has become a wholly owned subsidiary of the company." GVK's Mumbai International Airport Pvt Ltd (MIAL) is a Public Private Partnership (PPP) 74:26 joint venture between GVK-led consortium and Airports Authority of India (AAI).
04/06/15 moneycontrol.com
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04/06/15 moneycontrol.com
