GVK to sell 33% stake in Bangalore Int'l Airport
Hyderabad-based conglomerate GVK Power and Infrastructure on Monday said that it will sell its 33% stake in Bangalore International Airport Ltd (BIAL) to investment firm Fairfax Group for ₹2,149 crore. GVK currently owns 43% stake in BIAL which runs the Kempegowda International airport. The deal will help reduce GVK's debt and annual interest cost, the company said.