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Mergers & Acquisitions | 30 October 2012

Malaysia Airports Holdings May Acquire Stake In KGS Arunmula Int'l Airport

by Vivek Singh
 
@vivek

Malaysian government’s Malaysia Airports Holdings Berhad along with the Kerala government may pick up stake in KGS Arunmula International Airport Limited, as stated by BS. It is developed by Anil Ambani backed KGS Group.

The KGS group MD, Gigi George said the dilution of stake to Malaysia Airport could be upto 15% with them already being the technical and strategic partner for the project.

Last month Air Kerala was planning to raise R200 Cr as initial capital which would start operations with five leased aircraft flying to the Middle East, mainly catering to Keralites living in the Gulf region.

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