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    HomeNewsBusinessStocksGVK Power rises 4% on likely fund raising plan

    GVK Power rises 4% on likely fund raising plan

    GVK Power and Infrastructure gained as much as 4% to intraday high of Rs 13.97 on Tuesday after Reuters‘ sources indicated that the company is looking to raise USD 500-600 million via its Singapore arm stake sale.

    June 19, 2012 / 14:23 IST

    GVK Power and Infrastructure gained as much as 4% to intraday high of Rs 13.97 on Tuesday after Reuters’ sources indicated that the company is looking to raise USD 500-600 million via its Singapore arm stake sale. Sources also say, GVK is apparently in talks with GIC for the stake sale.
     
    At 14:18 hours IST, the share was trading at Rs 13.80, up 2.68% with volumes of 26,56,512 shares.

    Market capitalisation of the company currently stands at Rs 2,179.31 crore.

    first published: Jun 19, 2012 02:22 pm

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