 "GVK Reddy")
GVK Power and Infrastructure Limited on Thursday announced the completion of the sale of its residual stake of 10 per cent in Bangalore International Airport Limited (BIAL) to Fairfax India Holdings Corporation for a consideration of Rs 1,290 crore.
Earlier in March, the company closed an agreement, which was signed last March, with Fairfax India to sell 33 per cent stake in BIAL. Subsequently, in June GVK announced its decision to sell the remaining stakes to Fairfax.
GVK chairman and managing director G V Krishna Reddy said, " Since deleveraging is currently our top priority, we decided to part ways with BIAL. However, we
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