Cyril Amarchand Mangaldas advised GVK in selling 33 per cent of total stake in Bangalore International Airport Ltd to Fairfax India for 2,149 crore..The Cyril Amarchand Mangaldas team was led by Mumbai-based infrastructure & project financing partners L. Viswanathan and Subhalakshmi Naskar. Mumbai based capital markets partner Gaurav Gupte and competition law partner Nisha Kaur Uberoi advised on the listed company and competition law aspects, of this deal respectively..Fairfax was advised by its in-house team..This deal will trim the group’s debt burden by more than Rs 2,000 crore, reports ET..In BIAL, GVK Group holds 43 per cent stake, Siemens Project Ventures GmbH 26 per cent and Flughafen Zurich AG Ltd 5 per cent while state-owned entities Airport Authority of India and Karnataka State Industrial Investment & Development Corporation Limited hold 13 per cent each, according to ET.
Cyril Amarchand Mangaldas advised GVK in selling 33 per cent of total stake in Bangalore International Airport Ltd to Fairfax India for 2,149 crore..The Cyril Amarchand Mangaldas team was led by Mumbai-based infrastructure & project financing partners L. Viswanathan and Subhalakshmi Naskar. Mumbai based capital markets partner Gaurav Gupte and competition law partner Nisha Kaur Uberoi advised on the listed company and competition law aspects, of this deal respectively..Fairfax was advised by its in-house team..This deal will trim the group’s debt burden by more than Rs 2,000 crore, reports ET..In BIAL, GVK Group holds 43 per cent stake, Siemens Project Ventures GmbH 26 per cent and Flughafen Zurich AG Ltd 5 per cent while state-owned entities Airport Authority of India and Karnataka State Industrial Investment & Development Corporation Limited hold 13 per cent each, according to ET.
