March 02 2011,
M&A,
GVK Airport Holdings Pvt Ltd acquires 13.5% more in Mumbai International Airport Pvt Ltd from South African partner, Bid Services Division (BSDM).
As a result, the equity shareholding of GVK in MIAL increases to 50.5% from the existing 37% after acquiring 10,80,00,000 equity shares.
MIAL a joint venture between GVK, BSDM, ACSA Global and Airports Authority of India (AAI). GVK will lead the consortium with a stake of 50.5%, BSDM will hold a 13.5% stake, ACSA Global 10% and AAI the remaining 26% in MIAL.
M&A,
GVK Airport Holdings Pvt Ltd acquires 13.5% more in Mumbai International Airport Pvt Ltd from South African partner, Bid Services Division (BSDM).
As a result, the equity shareholding of GVK in MIAL increases to 50.5% from the existing 37% after acquiring 10,80,00,000 equity shares.
MIAL a joint venture between GVK, BSDM, ACSA Global and Airports Authority of India (AAI). GVK will lead the consortium with a stake of 50.5%, BSDM will hold a 13.5% stake, ACSA Global 10% and AAI the remaining 26% in MIAL.
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