GVK Group may sell part of its Bangalore airport stake.

GVK Group, the majority shareholder in both Mumbai and Bangalore airports, is planning to sell a part of its 43% stake in the profitable Bangalore Airport to strategic investors or sovereign wealth funds, two people with direct knowledge of the development said. The move is aimed at bringing down the company's heavy debt and expand its capacity.

The group, owned by billionaire GVK Reddy, has appointed investment bank Kotak Mahindra Capital Company to scout for buyers.

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