GVK Power’s arm to acquire stake in MIAL for Rs 924 crore

GVK Power & Infrastructure Ltd. | Power Generation/Distribution | Power | BSE: 532708 | NSE: GVKPIL

22 Mar 2019 Evaluate

GVK Power & Infrastructure’s (GVKPIL) step-down subsidiary -- GVK Airport Holdings will acquire stake in Mumbai International Airport (MIAL). The company will acquire 12 crore shares of MIAL for Rs 924 crore from ACSA Global. Consequent to this acquisition, GVK Group's stake in MIAL will increase to 74% from the existing 50.5%.

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.

Peers

Company Name	CMP
NTPC	326.20
Tata Power	366.80
Adani Power	203.00
Power Grid Corpn.	269.25
Adani Energy Solut.	1339.40
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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