GVK Airport Developers Pvt Ltd, GVK Power’s wholly owned subsidiary, paid Rs 484.6 crore for the acquisition. Flughafen Zuerich will continue to hold 5% stake in BIAL. Earlier in October, Unique had said it would divest 12% stake in BIAL to an existing shareholder or a new strategic partner in order to forge a strong development partnership for the next expansion. Unique will continue to remain the operator of the airport and have a board seat.
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