India, April 22 -- GVK Power & Infrastructure Limited said in a filing to BSE that its subsidiaries, GVK Airport Developers Limited ("GVKADL") and GVK Airport Holdings Limited ("GVKAHL"), have signed a term sheet and exclusivity agreement with the Abu Dhabi Investment Authority ("ADIA") and the National Investment & Infrastructure Fund ("NIIF") for an investment in new shares in GVKAHL equating to a 49 per cent stake. The transaction is subject to conclusion of confirmatory due diligence by ADIA and NIIF, agreement on definitive documents and satisfaction of customary closing conditions including regulatory/third party approvals and lender consents.
GVK had initiated a process to identify and select preferred investors to raise capital to ...