The stake in GVK Airports Holdings is expected to be valued at $400m in a deal, said the Economic Times, citing two people with knowledge of the matter.
“The stake sale is being discussed at the holding company level for the airports business,” said one of the sources.
“IDFC can bring up to $150 million in the deal, while the rest will come from other investors.
The negotiations are at a preliminary stage with term sheets being discussed, said the report.
Last November IDFC and CDC agreed to make an investment in Indian independent renewable power producer Green Infra.
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