GVK Power & Infrastructure Ltd said it plans to buy an additional 17% stake in Bangalore International Airport Ltd (BIAL) for Rs6.87 billion from L&T Infrastructure Development Projects Ltd.
Last month, GVK had said it would buy a 12% stake in BIAL from Flughafen Zuerich AG for Rs4.85 billion.
The acquisition, subject to necessary consents, will be done through a step down subsidiary, it added in a statement released to the BSE over the weekend.
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