Thursday November 5, 01:30 PM Reuters

GVK Power unit buys 12 pct in Bangalore Int airport

MUMBAI (Reuters) - GVK Power and Infrastructure Ltd said on Thursday its unit GVK Airport Developers Pvt Ltd had bought a 12 percent stake in Bangalore International Airport Ltd for 4.85 billion rupees.

The stake buy is from Flughafen Zuerich AG, it said in a statement to the exchange.

The company further said it has entered into a strategic pact with Unique Airports Worlwide AG (Zurich Airport) for new airport projects in the Indian sub-continent.

(Reporting by Nandita Bose; Editing by Sunil Nair)

(For more news on Reuters Money visit http://www.reutersmoney.in)

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