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GVK Power soars on the buzz of selling stake in Singapore arm

19 Jun 2012 Evaluate

GVK Power & Infrastructure is currently trading at Rs. 13.80, up by 0.36 points or 2.68% from its previous closing of Rs. 13.44 on the BSE.

The scrip opened at Rs. 13.40 and has touched a high and low of Rs. 13.97 and Rs. 13.37 respectively. So far 2088926 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 21.70 on 20-Jun-2011 and a 52 week low of Rs. 9.56 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 15.05 and Rs. 13.30 respectively. The current market cap of the company is Rs. 2174.57 crore.

The promoters holding in the company stood at 54.25% while Institutions and Non-Institutions held 23.08% and 22.67% respectively.

GVK Power & Infrastructure is reportedly planning to mop up $500 million to $600 million by selling a minority stake in its Singapore arm. In this regard, the company is in talks with Government of Singapore Investment Corp for a possible pact.

Further, the company will dispose off minority holding in GVK Coal Developers (Singapore), adding that a deal could be a precursor to a listing of the company's non-Indian assets in Singapore.

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.

GVK Power & Infra Share Price

2.86 0.05 (1.78%)
17-Apr-2026 16:59 View Price Chart
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