GVK plans to buy Bidvest, ACSA’s stake in Mumbai airport consortium

MUMBAI: GVK Power and Infra Saturday said its airports company plans to buy partner Bidvest’s stake in a consortium that runs the Mumbai airport and has the bid to develop the city’s second airport in Navi Mumbai.

A senior executive said the conglomerate also plans to buy an additional 10% stake in MIAL from Airports Company South Africa. He didn’t elaborate on how the transaction would be funded.