GVK Power & Infrastructure is planning to raise Rs 1000 crore. In this regard, the company is seeking shareholders nod. The company could raise the fund by way of qualified institutional placement or any other mechanism.
The diversified infrastructure company, which is seeking to bring down its consolidated debt on the books, is looking at raising funds through either strategic sale of equity or by way of QIP for quite some time.
GVK Power & Infrastructure is engaged in infrastructure development in areas of power, airports and roads.
