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GVK Power unit buys 12% in Bangalore Int airport

Published on Thu, Nov 05, 2009 at 13:42 |  Source : Reuters

Updated at Thu, Nov 05, 2009 at 13:47  

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GVK Power unit buys 12% in Bangalore Int airport

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GVK Power and Infrastructure Ltd said on Thursday its unit GVK Airport Developers Pvt Ltd had bought a 12% stake in Bangalore International Airport Ltd for Rs 4.85 billion.

The stake buy is from Flughafen Zuerich AG, it said in a statement to the exchange.

The company further said it has entered into a strategic pact with Unique Airports Worlwide AG (Zurich Airport) for new airport projects in the Indian sub-continent.

  

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