GVK signs pact with ADIA, NIIF to offer 49% stake in airport
Updated : April 22, 2019 07:33 AM IST
In a filing with BSE, the city-based infra major said the transaction is 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.
GVKAHL holds 74 percent equity stake in Mumbai International Airport Limited (MIAL). The MIAL has been awarded a Greenfield airport project at Navi Mumbai.