Sovereign wealth funds Abu Dhabi Investment Authority and India’s National Investment and Infrastructure Fund will jointly pick up a 49 per cent stake in Mumbai airport operator GVK Airport Holdings.
Mumbai International Airport Limited (MIAL) had recently attracted the attention of the Adanis, who are aggressively foraying into the airport business.
GVK Power and Infrastructure said it had agreed to offer a 49 per cent stake in GVK Airport Holdings to the sovereign funds.
In a filing with the BSE, GVK Power said the transaction was subject to the conclusion of confirmatory due diligence by ADIA and NIIF, agreement on definitive documents and satisfaction of customary closing conditions, including regulatory and third party approvals and lender consents.
