New Delhi: GVK Power & Infrastructure Ltd on Wednesday said one of its promoters, Vertex Projects Ltd, will increase its stake in the company to 15.24 per cent.
The promoter will buy 10 crore equity shares, or a 6.33 per cent stake, in the company at market price, GVK Power & Infrastructure said in a filing to the BSE.
Currently Vertex Projects holds a 8.91 per cent stake in the company.
Vertex Projects will purchase shares from another promoter G Indira Krishna Reddy.
The company's shares, on Wednesday, ended at Rs 9.34 apiece on the BSE, down 0.11 per cent from the previous close.
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