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GVK completes sale of its 10% residual stake in Bangalore Airport to Fairfax India for Rs. 1290 Crore

GVK completes sale of its 10% residual stake in Bangalore Airport to Fairfax India for Rs. 1290 Crore

Hyderabad, July 13 (IBNS): GVK Power and Infrastructure Ltd has announced the successful completion of the sale of its residual stake of 10% in Bangalore International Airport Limited (“BIAL”), held through its subsidiary, Bangalore Airport Infrastructure Developers Private Limited, (“BAIDPL”) to Fairfax India Holdings Corporation (“Fairfax India”) for a consideration of Rs 1,290 Crore (approximately $200 million).