GVK Power & Infrastructure (GVKPIL) has entered into a Share Purchase Agreements (SPA) with Anagha Constructions and Vikisha Constructions to sell and transfer the entire equity stake held by the company in subsidiary companies - Goriganga Hydro Power, GVK Oil & Gas and GVK Energy Ventures.
Upon completion of the formalities comprised under the SPA, Goriganga Hydro Power, GVK Oil & Gas and GVK Energy Ventures would cease to be subsidiaries of the company.
GVKPIL 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.
