GVK Power & Infrastructure Ltd (GVK PIL) has acquired 13.5% in Mumbai Internation Airport Ltd (MIAL) from its Mauritius partner for US$ 231 million. From this acquisition the GVK group now has a controlling stake of 50.5 % from 37% stake. 

The public-private partnership JV MIAL, was awarded the contract for refurbishment and modernize the Mumbai international airport to GVK led consortium in February 2006.  Previously the Joint venture of GVK the Mauritius firm, ASCA Global and Airports Authority of India (AAI) owned stakes in MIAL. But after this transaction GVK will have 50.5%, the Mauritius firm will have 13.5%, ACSA Global 10%, and AAI the remaining 26% in MIAL.