NEW DELHI: GVK Airport Holdings Limited (GVKAHL) will increase its stake in Mumbai Airport to 74%, from existing 50.5%.
The airport subsidiary of GVK Power & Infrastructure Limited informed BSE on Friday that it will acquire 12 crore equity shares of Mumbai International Airport Limited (MIAL), “constituting 10% of the total paid-up share capital of MIAL, from ACSA at Rs 77 per share.”
“Upon completion of this 10% acquisition from ACSA (Airports Company South Africa) along with the earlier acquisition of 13.5% from Bidvest, the equity shareholding of GVK Group will increase to 74% from the existing 50.5% of the total paid-up share capital of MIAL,” it said in the regulatory filing.
