Singapore's Changi Airports is likely to buy a 26% stake in GVK's airports business, forming a crucial partnership just before bids are to be called for building a spanking new airport to cater to Mumbai's booming traffic.
People close to the deal said Changi Airports International, a wholly owned subsidiary of Changi Airport Group, is likely to pay GVK Airport Holdings Private Limited Rs 2,000-2,200 crore for the 26% stake, valuing the Hyderabad-based company's airport assets at 8,000 crore. Full story
Related:
Fresh trouble for Changi's Aerotropolis project - Business Standard
Singapore's Changi Likely To Acquire 26% Stake In GVK's Airport Biz - Nasdaq
Changi Airport makes fresh attempt to enter India - Business Standard
Singapore's Changi may buy stakes in Indian airports - Reuters
GVK Power denies pact with Changi Airport - Calcutta News.Net
