Stake sale in subsidiaries high on the agenda of GVK Power and Infrastructure
DSIJ Intelligence / 16 Aug 2017
In an attempt to divest stakes in its various subsidiaries and raise funds, GVK Power and Infrastructure has restarted discussions with potential investors. The stock has traded marginally lower by 0.64% at Rs 12.47 per share on the BSE.
In an attempt to divest stakes in its various subsidiaries and raise funds, GVK Power and Infrastructure has restarted discussions with potential investors. The stock has traded marginally lower by 0.64% at Rs 12.47 per share on the BSE. On the NSE it attracted a traded volume of 37,19,157 shares and a traded value of Rs 463.41 lakhs.
According to a leading news daily, GVK Group’s flagship company, GVK Power & Infrastructure, reported Rs 1,821 crore of accumulated losses and Rs 24,785 crore of debt in 2015-16. During the latest fiscal ended March 2017, the company reported fresh losses of Rs 1,346 crore.
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