largest engineering firm L&T, is exiting from the Bangalore International Airport Ltd (BIAL) by selling its 17 per cent stake to partner Zurich Airport.GVK Airport Developers, a wholly-owned subsidiary of GVK Group, has earlier acquired a 12 per cent stake in BIAL from Zurich Airport, which held a 17 per cent stake in the airport.The deal likely to be between Rs 680-700 crore will now make Zurich Airport...
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POINT TAKEN: Elton John performs during a concert in Zurich on October 16,...
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battle for controlling the Indian aviation space is just heating up. GVK Airport Developers, the wholly-owned subsidiary of the GVK Power & Infrastructure Ltd, on Thursday said it has acquired a 12 per cent stake in Bengaluru International Airport Ltd (BIAL) from Zurich Airport for Rs 484.6 crore. Zurich Airport operates the Bengaluru International Airport.“Currently we have just bought the 12 per...
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GVK Airport Developers (GVKADPL), the 100-owned subsidiary of the GVK group, today said that it has acquired a 12 per cent stake from airport management services provider, Zurich Airport, in Bengaluru International Airport (BIAL) for Rs 484.6-crore. The Board of Directors of GVK Power and Infrastructure (GVKPIL) has approved the acquisition through GVKADPL, a company press release said here. GVK has...
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Power and Infrastructure has approved a 12 percent stake acquisition in Bangalore International Airport Ltd from Zurich Airport for Rs.484 crore, the company said here Thursday.The acquisition will be done through GVK Airport Developers, a wholly-owned subsidiary of GVK Power and Infrastructure, a leading infrastructure developer and also one of the promoters of Mumbai International Airport Ltd.The...
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Olympique Marseille routed FC Zurich 6-1 at the Stade Velodrome on Tuesday to boost their hopes of advancing in the Champions League.With two games to play at AC Milan and at home against Real Madrid, Marseille are on six points in Group C, two behind Milan and Real who drew 1-1 at San Siro. Zurich are last in the group on three points."We must enjoy such a moment. It''s a score you don''t see very...
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GVK Airport Developers, the wholly- owned subsidiary of the GVK group, today said it has acquired a 12 per cent stake in Bengaluru International Airport Ltd (BIAL) from airport management services provider Zurich Airport for Rs 484.6 crore. The Board of Directors of GVK Power and Infrastructure Ltd has approved the acquisition through GVK Airport Developers, a company press release said here. Zurich...
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part of its strategy to emerge a majority stakeholder in Bengaluru International Airport (BIAL), GVK Power and Infrastructure is making quick moves to acquire the 17% stake L&T has in the airport company. But for technicalities involved, GVK would have sealed the deal long back, a source tracking the developments said.Zurich Airports, which had sold 12% stake in BIAL to the company's subsidiary GVK...
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BANGALORE: Infra major GVK is acquiring Flughafen Zuerich, or Unique’s, 12.2% stake in Bengaluru International Airport (BIAL) for Rs 485 crore. Unique, globally known as the operator of the Zurich airport, had a 17.2% stake in the 18-month-old BIAL. In October this year, Zurich unveiled plans to divest stake in BIAL in which it along with Larsen & Toubro and Siemens held a 74% stake. GVK, which is...
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