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Daily Archives: June 2, 2017

GVK exits Bangalore airport. To focus on Mumbai airports.

The main passenger terminal building at Bangalore Airport.

Debt burdened GVK Power and Infrastructure Ltd will sell the last of its stake in Bengaluru International Airport Ltd. (BIAL), approximately ten per cent, to Fairfax India Holdings, for Rs. 1,290 crore (about $200 million). BIAL is the operator of the Kempegowda International Airport. In an announcement to the stock exchange the company said “This is to inform you that …

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