GVK Power and Infrastructure’s promoter director - Indira Krishna Reddy has sold 52.50 lakh shares of the company in an open market transaction. The shares were sold on April 08, 2013 on National Stock Exchange (NSE). Pursuant to this stake sale, the shareholding of Indira Krishna Reddy has come down to 14.59% from 14.92% stake held in the company earlier.
The promoter director has sold the shares to another promoter group company - Greenridge Hotels and Resorts. The shareholding of Greenridge Hotels and Resorts in the company has now increased to 0.46% from 0.13% held earlier. The promoter group of GVK Power and Infrastructure together held 54.25% stake as on March 31, 2013.
GVK Power & Infrastructure (GVKPIL) is the flagship company of Hyderabad-based GVK Group that encompasses several primary business sectors such Energy, coal, oil and gas, transportation, hospitality and Life sciences.
