The GVK Group has announced that it has raised more than Rs 7,600 crore from its stakeholders’ and the proceeds will be used for debt reduction and acquisition of 23.5% stake in the Mumbai International Airport (MIAL). This should prevent the bid of the Adani Group to acquire a stake in the company which operates […]
GVK receives more than Rs 7,600 crore from its investors, plans to cut off the company’s debts.more
By Abhay Shah, Realty Quarter The Government of Singapore Investment Corp (GIC) is planning to strengthen its position in the Indian real estate and hospitality space by acquiring GVK promoter group stake in Taj-GVK Hotels and Resorts as the sovereign investment vehicle of the South East Asian country. GIC is expected to mandate the Indian […]
GIC is in a plan to obtain stakes of GVK promoter group in Indian Hotels joint venture.more
By Realty Quarter Bureau Navi Mumbai International Airport’s executive chairman, GVK Reddy, announced that the GVK Group had achieved financial closure for the construction of the first phase of the airport, on schedule. “This will now enable us to focus on the next steps, which is the construction and completion of the first phase, of […]
GVK in final terms of final closure for Navi Mumbai Airportmore