{"id":265870,"date":"2019-03-23T06:20:16","date_gmt":"2019-03-23T06:20:16","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=265870"},"modified":"2019-03-23T06:20:16","modified_gmt":"2019-03-23T06:20:16","slug":"gvk-to-raise-its-stake-in-mumbai-airport-to-74","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gvk-to-raise-its-stake-in-mumbai-airport-to-74\/","title":{"rendered":"GVK to raise its stake in Mumbai Airport to 74%"},"content":{"rendered":"<p>NEW DELHI: GVK Airport Holdings Limited (GVKAHL) will increase its stake in Mumbai Airport to 74%, from existing 50.5%.<br \/>\nThe airport subsidiary of GVK Power &amp; Infrastructure Limited informed BSE on Friday that it will acquire 12 crore equity shares of Mumbai International Airport Limited (MIAL), \u201cconstituting 10% of the total paid-up share capital of MIAL, from ACSA at Rs 77 per share.\u201d<br \/>\n\u201cUpon 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,\u201d it said in the regulatory filing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &amp; Infrastructure Limited informed BSE on Friday that it will acquire 12 crore equity shares of Mumbai International Airport Limited (MIAL), \u201cconstituting 10% of the total paid-up share capital of MIAL, from ACSA at Rs 77 per share.\u201d \u201cUpon 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 [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-265870","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=265870"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265870\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=265870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=265870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=265870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}