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GVK POWER REDDY
GVK renews talks for stake sales in armsStatutory auditors SR Batliboi & Associates LLP had raised ‘significant doubt’ about the company’s ability to continue as a going concern.- GVK Power Q2 net loss widens to Rs 77 croreTotal revenue during the quarter rose to Rs 20.16 crore as compared to Rs 18.55 crore, it said.
- GVK sells 10 per cent stake in BIAL for Rs 1,290 croreNow Watsa owns 48 per cent in the third busiest airport in the country and GVK, which built the greenfield project, exits the airport.
- GVK Power jumps over 5% on selling residual stake in Bangalore airportIn March 2017, GVK closed a deal which was signed during March 2016 with Fairfax India to sell a 33 per cent stake in BIAL.
- GVK exits BIAL with 10 per cent sale to Fairfax India for Rs 1,290 croreOn March 24, GVK had sold 33% in the airport to Fairfax, the Indian unit of billionaire Prem Watsa's investment company, for Rs 2,202 crore.
- GVK asset sale: Syndicate Bank weighs fresh options to recover duesGVK Power & Infrastructure announced raising Rs 2,202 crore from Prem Watsabacked Fairfax India Holdings by selling a 33% stake in Bengalur...
- GVK Power sells 33% stake in BIAL for Rs 2,202 croreThe move would help the company to deleverage its balance sheet and to bring down our debt level, the company said in a statement.
- GVK to sell stake in Bangalore Airport for Rs 2,149 croreGVK Power and Infrastructure will sell 33 per cent of total stake in Bangalore International Airport Ltd to Fairfax India for Rs 2,149 cror...
- GVK group to raise funds for airport businessWhen asked whether they were looking to develop more airports overseas, Reddy said the group is actively looking at opportunities in Indone...
- GVK Power & Infrastructure rallies over 13% as Australian govt grants environmental clearanceShares of GVK Power & Infrastructure rallied over 13 per cent after the Australian Federal Government granted environmental approval for it...
- GVK Power and Infrastructure to sell stake in Australian rail and port subsidiariesGVK Power and Infrastructure will sell minority stakes in its Australian rail and port subsidiaries to raise funds for developing a coal mi...
- GVK looking to offload stake in Australia's Hancock Coal minesGVK group is looking to sell part of its stake in Hancock coal mines in Australia to raise funds for development of the Australian assets t...
- GVK plans to sell 20% in Singapore arm to fund Australian projectsGVK owns 79% in the Alpha (‘Tad’s Corner’) and Alpha West (‘Paul’s Corner’) Coal Projects, located in the Galilee Basin.
- Promoter of GVK Power & Infrastructure, GV Krishna Reddy's wife sells part GVK power stakeStock exchange filings show Indira Krishna Reddy transferred 40.95 million shares, which constitutes about 2.59% stake in GVK Power.
- GVK Power pares gains; Goldman maintains 'Hold'GVK Power and Infrastructure Ltd pared their morning gains and turned negative after registering a rise of over 7% in trade today
- GVK may finalise deal with Australia's Hancock in two monthsGVK Power and Infrastructure may finalise a deal to buy coal mines operated by Australia's Hancock Prospecting in two months.
- GVK proposes Punjab to triple Goindwal Power Plant capacityThe expansion could be done by setting up two more units of 660 MW each in addition to the two units of 270 MW each being set up
- GVK Energy plans to raise USD 300 mn from PE playersGVK Power & Infrastructure Ltd's subsidiary GVK Energy plans to raise up to $300 mn through PE in 3-4 months.
- GVK set to acquire Unique’s 12.2% in BIAL for Rs 485 crInfra major GVK is acquiring Flughafen Zuerich, or Unique’s, 12.2% stake in Bengaluru International Airport (BIAL) for Rs 485 crore.
- GVK eyes malls, realty bizHyderabad-based GVK Group, which is executing the Mumbai airport modernisation, is looking at aggressive bidding.
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