GVK raises Rs 7,600 crore to pare debt, buy 23.5% stake in Mumbai Airport

GVK is looking to use the proceeds from the transaction to reduce debt and acquire Bidvest and ACSA's 23.5% stake in Mumbai International Airport. This will help GVK halt Adani Group's bid to acquire a stake in the company.

from Transportation-Industry-Economic Times https://ift.tt/2JsYm7z