Economic Times logo Economic Times 4 weeks ago

Corporate Round-up

GVK picks up stake in BIAL for Rs 485 cr Infra major GVK is acquiring Flughafen Zurich’s (also known as Unique) 12.2% stake in Bengaluru International Airport (BIAL) for Rs 485 crore. Full Article at Economic Times

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    Home Page - Economy Industry & Economy - Events State Bank of India has snipped interest rates by 25-50 basis points on deposits up to five years duration. This is the second time in as many months that it has cut term deposit rates. Full Article at Hindu Business Line

  2. BANGALORE: Infra major GVK is acquiring Flughafen Zuerich, or Unique’s, 12.2% stake in Bengaluru International Airport (BIAL) for Rs 485 crore. Unique, globally known as the operator of the Zurich airport, had a 17.2% stake in the 18-month-old BIAL. Full Article at Times of India

  3. Share purchase to cost Rs 485 crore, the company will look to increase stake further. Full Article at Business Standard

  4. GVK has also entered into an alliance with Zurich Airport for new airport projects in Indian Sub-Continent. Full Article at VC Circle

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