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GVK Power sells 33% stake in BIAL for Rs2,202 crore

GVK Power sells 33% stake in BIAL for Rs2,202 crore

Saturday, March 25, 2017, 10:34 AM

GVK Power & Infrastructure on Friday said that it has divested 33% stake in the Bangalore International Airport to FIH Mauritius and Fairfax India Holdings for Rs2,202 crore to bring down its debt level. The move would help the company to deleverage its balance sheet and to bring down our debt level, the company said in a statement.
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