GVK Power & Infrastructure is planning to list its airport vertical business. The diversified Hyderabad-based infrastructure company is in the process of preparing the documentation and has appointed consultants and bankers to facilitate the filing of the draft prospectus with the regulators within a month.
The company is looking at bringing down debt by about Rs 3,000 crore. Faced with a consolidated debt commitment of over Rs 24,000 crore on its books, the company has been seeking to bring down its debt at the holding company level by roping in a strategic partner, equity infusion and even a qualified institutional placement (QIP) offer.
GVK Power & Infrastructure is engaged in infrastructure development in areas of power, airports and roads. Incorporated in 1994, the company till date has invested over Rs 5,000 crore in infrastructure projects.
