Investors eyeing stake in Mumbai airport

Reportedly, TPG Capital, Temasek, CPP Investment Board and Fairfax Financial Holdings have shown interest in acquiring about 49 per cent stake in Mumbai International Airport Limited (MIAL) from the GVK Group. The funds are likely to be used to reduce GVK’s debt. The deal, if finalised, will value MIAL at Rs 125 billion-Rs 150 billion. Speculations are also rife of GVK exiting as the operator of Mumbai airport.