Gvk Power And Infrastructure Limited

According to a release issued here the transaction is expected to be completed by early July 2017 and the sale proceeds will be used for reducing the debt component of GVK Group.

GVK would sell its stake, held by its unit Bangalore Airport Infrastructure Developers Private Limited, and the proceeds would be used for reducing GVK's debt obligations, the company said.

GVK Power & Infra has sought shareholders' approval for increasing the maximum limit of loans and guarantees that can be given to other entities to Rs 15,000 crore from the current limit of Rs 10,000 crore.

GVK Power & Infrastructure has sought shareholders' approval for increasing the maximum limit of loans and guarantees that can be given to other entities to Rs 15,000 crore.

GVK Power and Infrastructure on Friday reported widening of consolidated net loss to Rs 407.70 crore for the March quarter.

Revenues from airports segment stood at Rs 675 crore during the quarter against Rs 313 crore for the same quarter last year.

GVK Power & Infrastructure on Thursday said it had acquired 100 per cent stake in GVK Airport Services, which operates the Mumbai and Bengaluru international airports.

GVK shares had gained sharply yesterday also and had hit its upper circuit limit of Rs 18.45 after reports surfaced that the company was in talks with 4-5 investors to sell stake in airport business and hancock mining business in few months.

According to a release issued here the transaction is expected to be completed by early July 2017 and the sale proceeds will be used for reducing the debt component of GVK Group.

GVK would sell its stake, held by its unit Bangalore Airport Infrastructure Developers Private Limited, and the proceeds would be used for reducing GVK's debt obligations, the company said.

GVK Power & Infra has sought shareholders' approval for increasing the maximum limit of loans and guarantees that can be given to other entities to Rs 15,000 crore from the current limit of Rs 10,000 crore.

GVK Power & Infrastructure has sought shareholders' approval for increasing the maximum limit of loans and guarantees that can be given to other entities to Rs 15,000 crore.

GVK Power and Infrastructure on Friday reported widening of consolidated net loss to Rs 407.70 crore for the March quarter.

Revenues from airports segment stood at Rs 675 crore during the quarter against Rs 313 crore for the same quarter last year.

GVK Power & Infrastructure on Thursday said it had acquired 100 per cent stake in GVK Airport Services, which operates the Mumbai and Bengaluru international airports.

GVK shares had gained sharply yesterday also and had hit its upper circuit limit of Rs 18.45 after reports surfaced that the company was in talks with 4-5 investors to sell stake in airport business and hancock mining business in few months.