GVK Power to raise $600 million by selling stake in Singapore arm: Report

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.