GVK Power & Infrastructure’s Promoter Vertex Projects has increased its stake by buying shares from other promoters. Vertex Projects bought 9.48 crore of the shares on December 6, 2016 through a block deal on the NSE, with promoter GV Krishna Reddy selling 2.37 crore shares, GV Sanjay Reddy 4.27 crore shares and Krishnaram Bhupal 2.84 crore shares at Rs 5.70 a share. As of September 30, the promoters held 54.25 per cent stake in GVK Power. Of that, Vertex Projects is holding 37.76 per cent.
GVK Power and Infrastructure is an infrastructure development company. It engages in infrastructure and urban infrastructure projects. The company provides operation and maintenance services, manpower and consultancy services, and incidental services to owners of power plants, airports and infrastructure companies.
