Mumbai: GVK Power & Infrastructure Ltd.on Friday said its airports arm will acquire the entire 10 per cent stake held by Airports Company South Africa (ACSA) Global in Mumbai International Airport Ltd (MIAL) for Rs 924 crore.
With this stake buyout, along with the recent purchase of 13.5 per cent from Bidvest, GVK Group’s shareholding in MIAL will increase to 74 per cent from the existing 50.5 per cent.
