GVK Power & Infrastructure (GVKPIL) has increased its stake in Bengaluru International Airport (BIAL) by acquiring 17% stake of L&T Infrastructure Development Projects for a total consideration of Rs 686 crore. The acquisition was priced at Rs 105 per share. Post this development, GVK now holds 29% stake in BIAL, having earlier bought 12% stake from
In the new equity structure of BIAL, Siemens is the largest shareholder at 40%, followed by GVK at 29%,
The further investment in BIAL gives GVK substantial interest in two of
Company Name | CMP |
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NTPC | 361.35 |
Tata Power | 431.45 |
Power Grid Corp | 314.20 |
Adani Power | 639.80 |
Torrent Power | 1364.20 |
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