Bangalore Airport & Infrastructure Developers (BAIDPL), a step down subsidiary of the GVK Power & Infrastructure has, subject to certain terms and compliances, exercised its right of first refusal, for acquiring 53,844,000 equity shares with a face value of Rs 10 each held by Siemens Project Ventures GMBH. This is equivalent to 14% of the issued capital of Bangalore International Airport (BIAL), at a price of Rs 114 an equity share. The acquisition would be completed after obtaining the requisite approvals, if any.
In 2009, GVK had acquired 17% stake in BIAL from Larsen and Toubro (L&T) for Rs 686 crore and it acquired 12% of Zurich Airport's stake in BIAL for Rs 484.6 crore. Both the deals priced BIAL shares at Rs 105 a piece.
Private promoters of BIAL hold 74% stake while the state-run Airports Authority of India holds the remaining 26%.
GVK Power & Infrastructure is engaged in infrastructure development in areas of power, airports and roads. Incorporated in 1994, the company till date has invested over Rs 5,000 crore in infrastructure projects.
| Company Name | CMP |
|---|---|
| NTPC | 405.40 |
| Tata Power | 436.90 |
| Adani Power | 214.35 |
| Power Grid Corp | 319.90 |
| Torrent Power | 1654.25 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: