GVK Power & Infrastructure (GVKPIL) proposes to acquire 6,53,82,000 shares being 17% of the paid up equity share capital of Bangalore International Airport (BIAL) at a total cost of Rs. 686,51,10,000 from L&T Infrastructure Development Projects through a step down wholly owned subsidiary of GVKPIL. The above acquisition will be completed upon obtaining necessary consents.
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