It’s consolidation time for GVK

The Hyderabad-based GVK group is consolidating some of its group companies, including two investing firms of Mumbai International Airport (MIAL) under GVK Power and Infrastructure (GVKPIL), which is a listed entity. Leading private equity investors such as Citigroup and Temasek have held talks with the group to pick up equity stake in GVKPIL, post-restructuring. Sources said the GVK family, which currently holds 65% stake in GVKPIL, wants to keep 51% with itself, and offload up to 15% to PE investors.

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