Sources said that the company defeated all the other three bidders by far by offering a revenue share of Rs 400.97 per passenger to the aut...

Zurich AG (FZ) said, "it will be back" while exiting Bengaluru airport (KIA), where it had 17% stake, in early 2017. True to its word, it i...

While seeking the CM's intervention to "put on hold" the GVK Group's proposal to sell its balance equity, Shivakumar urged govt to get cont...

On March 24, GVK had sold 33% in the airport to Fairfax, the Indian unit of billionaire Prem Watsa's investment company, for Rs 2,202 crore.

Fairfax now holds 38% in the Bangalore airport, it said in a separate statement from its headquarters in Toronto.

Fairfax's entry does not mean infusion of any fresh funds as equity into airport development, officials clarified.

A GVK spokesman confirmed the development and said this will pave the way for the deal “to be concluded very soon”.

Indian-origin Prem Watsa's investment is stuck with the Ministry of Civil Aviation awaiting security clearance, and the delay is holding up...

The state had declined an opinion in the past, but has now chosen to advise the MoCA to communicate the MHA nod to BIAL.

Karnataka has declined to get involved in the process of granting security clearance for the transaction after the Ministry of Civil Aviati...

The transaction, expected to be completed by mid-2016, would also help the diversified entity save around Rs 300 crore annually on interest...

GVK Power and Infrastructure will sell 33 per cent of total stake in Bangalore International Airport Ltd to Fairfax India for Rs 2,149 cror...

Eight firms, including GMR, GVK and Adani Ports, have shown interest in the plan to modernise Kolkata, Chennai, Ahmedabad and Jaipur airpor...

MoEF has recommended Environment Clearance (EC) for the second stage expansion of international airport in Bangalore, being developed by a ...

GVK Group, the majority shareholder in both Mumbai and Bangalore airports, is planning to sell a part of its 43% stake in Bangalore Airport.

Two leading private airport operators and the Anil Dhirubhai Ambani Group (ADAG), that has been keen to be a big player in airport developm...

The Indian stock market is seen extending earlier day's recovery on Friday with global markets showing a positive streak.