GVK Power’s arms signs agreement with ADIA, PSP Investments, NIIF

29 Oct 2019 Evaluate

GVK Power & Infrastructure’s (GVKPIL) subsidiaries -- GVK Airport Developers (GVKADL) and GVK Airport Holdings (GVKAHL) have entered into definitive agreements with subsidiaries of the Abu Dhabi Investment Authority (ADIA), Public Sector Pension Investment Board (PSP Investments) supported by its global airports platform, AviAlliance, and with National Investment & Infrastructure Fund (NIIF), whereby the Investors will make an aggregate investment of Rs 7,614 crore, into GVKAHL.

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.

GVK Power & Infra Share Price

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Company Name CMP
NTPC 335.95
Tata Power 394.15
Power Grid Corp 277.05
Adani Power 533.70
Torrent Power 1343.00
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