Profit

GVK Power & Infra Promoter to Raise Stake

 Share
EMAIL
PRINT
COMMENTS

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.



Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top