GVK sells 33 pct stake in Bengaluru airport to Fairfax for $323 mln: Reuters
Airport operator GVK Power & Infrastructure Ltd has sold a 33 percent stake in Mumbai, India's Bengaluru airport to Canada's Fairfax Financial Holdings to reduce debt, Reuters reported. Fairfax will pay 21.49 billion rupees (US$322.75 million) for the stake. Fairfax India, a vehicle launched in 2014 to boost the firm's private equity, public equity and debt investments in the country, participated in the deal.
28 March 2016•1 min read
