In 2017 GVK
formed a joint venture with the City and Industrial Development Corporation (CIDCO), the development arm of the State of Maharashtra, India, to build the new airport.
Reddy, founder and chairman of GVK
and chairman of NMIAL, said, "Our vision is to establish one more landmark airport that would exceed the benchmarks that GVK
had set through MIAL whilst creating Terminal 2 at Mumbai airport.
Vice-Chairman Sanjay Reddy said while these ideas will help set growth in motion, lagging behind by 20-30 years.
Major organization : GVK
EMERGENCY MANAGEMENT AND RESEARCH INSTITUTE
The board of directors has approved the sale of residual 3,84,60,000 equity shares of Rs 10 each corresponding to 10% of the issued and paid up share capital in BIAL held by GVK
Airport Developers Limited through Bangalore Airport and Infrastructure Developers Private Limited (BAIDPL), a step down subsidiary of the company, to FIH Mauritius Investments Ltd (FMIL) and/or its affiliates at an aggregate purchase consideration of Rs 1,290 crore," the company said in a regulatory filing.
BIO can now offer development and validation of research methods and compendial testing of API, finished products and raw materials.
managing partner Howard Klarsaid the transaction "simultaneously allows us to continue our strong growth while also reducing our expense.
Upon completion of this transaction, there would be a reduction of the debt burden of around ` 2,000 crore, which would also result in savings of interest costs to the extent of ` 300 crore per annum, GVK
said in a press release on Monday.
Medivir AB (STO:MVIRB), a research based pharmaceutical company with a research focus on infectious diseases and oncology, announced on Tuesday a reorganisation within its Discovery Research department, increasing its focus within the core areas of oncology and infectious diseases, as well as a partnership with GVK
Biosciences Private Ltd.
The sheer scale and aesthetic impression of the ceiling and columns is difficult to appreciate unless you stand beneath it," said John Chettleburgh, President and CEO of Formglas, whose company worked in close collaboration with SOM and GVK
throughout the Mumbai new airport project to ensure flawless execution of this impressive and critical design element.
has built the new integrated Terminal 2 as an iconic mega-structure that will set global benchmarks in airport infrastructure development.
The acquisition is GVK
BIO's first international deal, it said, adding it would position it as a top provider of integrated R&D services across both large and small molecule platforms, while ensuring a base for further expansion.