GVK Power & Infrastructure’s (GVKPIL) step-down subsidiary -- GVK Airport Holdings will acquire stake in Mumbai International Airport (MIAL). The company will acquire 12 crore shares of MIAL for Rs 924 crore from ACSA Global. Consequent to this acquisition, GVK Group's stake in MIAL will increase to 74% from the existing 50.5%.
GVKPIL is an infrastructure development company. It engages in infrastructure and urban infrastructure projects. The company provides operation and maintenance services, manpower and consultancy services, and incidental services to owners of power plants, airports and infrastructure companies.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
| View more.. | |
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