Gvk Power & Infrastructure Limited has informed the Exchange that: "The Board of Directors of the company, at its meeting held today, the 5th November, 2009 has approved the acquisition of 4,61,52,000 shares being 12% of paid up equity share capital of Bangalore International Airport Limited (BIAL) at a total cost of Rs.484,59,60,000 (Rupees Four Hundred Eighty Four Crores Fifty Nine Lacs and Sixty Thousand Only) from Flughafen Zuerich AG through GVK Airport Developers Pvt. Ltd. (GVKADPL), a wholly owned subsidiary of GVK Power & Infrastructure Ltd. (GVKPIL). The above acquisition will be completed upon obtaining necessary consents. The company has also entered into a Strategic Alliance Agreement (SAA) with Unique Airports Worldwide AG (Zurich Airport) to collaborate for new airport projects in Indian Sub-Continent".
| NIFTY 
