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.
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