GVK Airport Holdings Private Limited (GAHPL) today said it has signed a share purchase agreement with Bid Services Division (Mauritius) Limited (BSDM) to buy an additional 13.5 per cent stake in Mumbai International Airport Pvt Ltd (MIAL). GAHPL is a step-down subsidiary of GVK Power & Infrastructure Limited.

As a result, the equity shareholding of GVK in MIAL will increase to 50.5 per cent from 37 per cent at present through the acquisition of 10,80,00,000 equity shares, a press release issued here stated.

This agreement is subject to regulatory and other approvals. MIAL is a public-private partnership joint venture between GVK, BSDM, ACSA Global and Airports Authority of India (AAI).

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