Energy Minister D K Shivakumar’s concerns over the GVK Group’s plans to divest its stakes in Bengaluru International Airport Limited have been brushed aside by his cabinet colleague and Industries Minister R V Deshpande. GVK recently announced its intent to sell its remaining 10 per cent stake to Fairfax India Holdings for `1,290 crore.
Dismissing Shivakumar’s views that the sale must be blocked, Deshpande said the state government cannot get involved in it.
“This is a transaction between GVK and Fairfax. I can’t tell GVK to sell or not to sell,” the minister told Express, adding, “The parties need to inform only the BIAL board headed by Chief Secretary.” Read More…
Credit By : Newindianexpress
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