Hyderbad-based Rs2,000 crore company GVK Power & Infrastructure Ltd (GVKPIL), has acquired a 12% stake in Bangalore International Airport Ltd (BIAL) for Rs485 crore from Flughafen Zurich AG through GVK Airport Developers Pvt Ltd (GVKADPL), a wholly-owned subsidiary of GVKPIL. The move also signals GVK’s second foray into the airport projects space in the country, after being involved in the modernisation of the Mumbai airport. According to company sources, the acquisition will be completed on obtaining all the required approvals. […]