June 2, 2017 / 10:21 AM / 2 months ago

BRIEF-GVK Power & Infrastructure approves sale of 10 pct stake in Bangalore International Airport

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June 2 (Reuters) - GVK Power & Infrastructure Ltd

* Says approved sale of 10% of issued & paid up share capital in Bangalore International Airport to FIH Mauritius Investments

* Says aggregate purchase consideration of INR 12.90 billion for stake sale in BIAL

* Says proceeds of sale to be used for reducing debt obligations of GVK

* Says transaction expected to be completed by early july 2017 Source text for Eikon: Further company coverage:

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