ADIA to invest in 49% stake of airport holding firm

April 19, 2019 (Hyderbad)

As reported by The Hindu, the Abu Dhabi Investment Authority (ADIA) have signed a pact buying 49% stake in an airport holding firm.  GVK Power & Infrastructure Ltd. (GVKPIL), through two subsidiaries, has entered into an agreement for selling a 49% stake in its airports holding company to ADIA and the National Investment & Infrastructure Fund (NIIF).  The transaction is subject to conclusion of confirmatory due diligence by ADIA and NIIF, agreement on definitive documents and customary closing conditions.

Read the original article on The Hindu:  ADIA to invest in GVK arm