GVK buys Bidvest’s stake in Mumbai international airport

Mumbai Airport. Photo: Livemint

GVK Airport Holdings Ltd, a subsidiary of publicly traded GVK Power and Infrastructure Ltd, has acquired a 13.5% stake of Bid Services Division (Mauritius) Ltd (subsidiary of Bidvest Group Ltd), in Mumbai International Airport Ltd (MIAL). With this, GVK’s stake in MIAL increased to 64%, the company said in a stock exchange notification on Saturday. GVK Airport exercised its right to acquire 162 million equity shares of MIAL from Bidvest at ₹77 per share, the company added.

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