Tag «GVK»

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

Transaction expected to be completed by early July 2017 Airport sector will continue to remain a key focus area for GVK Hyderabad, 2nd June, 2017: GVK Power and Infrastructure Ltd has announced its decision to sell its residual stake of 10% in Bangalore International Airport Limited (“BIAL”), held through its subsidiary, Bangalore Airport Infrastructure …

GVK completes sale of its 33% stake in Bangalore International Airport Limited to Fairfax India Holdings Corporation for INR 2,202 Crore

Hyderabad, 24th March, 2017: GVK Power & Infrastructure Limited (NSE: GVKPIL, BOM: 532708) today announced that it has divested 33% of its stake in Bangalore International Airport Limited (BIAL) from its wholly owned subsidiary, Bangalore Airport & Infrastructure Developers Private Limited (BAIDPL) to Fairfax India Holdings Corporation (TSX: FIH.U), through its wholly-owned subsidiary in Mauritius, …

GVK Lounge at CSIA selected as World’s Best First Class Lounge

New Delhi, December 23, 2015: The opulent GVK Lounge at Terminal 2 of Chhatrapati Shivaji International Airport (CSIA) in Mumbai has been selected as the ‘World’s Leading Airport Lounge – First Class 2015’ at the recently concluded World Travel Awards in Morocco. The GVK Lounge stands tall amongst some of the world’s best airport/airline lounges, which were …