Hyderabad-headquartered infrastructure developer, GVK Power and Infrastructure (GVKPIL), today acquired the entire stake of 17 per cent held by L&T Infrastructure Development Projects in Bengaluru International Airport (BIAL) for a total consideration of Rs 686 crore. The acquisition, made through GVK Group's wholly-owned subsidiary GVK Airport Developers, was priced at Rs 105 per share. With this acquisition, GVKPIL will now hold 29 per cent in BIAL. The company, on November 29, had acquired a 12 per cent stake of the 17 per cent held by Zurich Airport for Rs 484.6 crore. […]