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24-May2018

GVK Power shines on getting nod to dilute equity in subsidiary

GVK Power & Infrastructure is currently trading at Rs. 13.40, up by 0.90 points or 7.20% from its previous closing of Rs. 12.50 on the BSE.

The scrip opened at Rs. 13.75 and has touched a high and low of Rs. 13.75 and Rs. 12.76 respectively. So far 1603392 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 27.85 on 16-Jan-2018 and a 52 week low of Rs. 5.05 on 25-May-2017.

Last one week high and low of the scrip stood at Rs. 13.75 and Rs. 10.76 respectively. The current market cap of the company is Rs. 2109.83 crore.

The promoters holding in the company stood at 54.25%, while Institutions and Non-Institutions held 5.81% and 39.94% respectively.

GVK Power & Infrastructure (GVKPIL) has received an approval for dilution of equity in subsidiary/ies through a combination of various options. The Board of Directors of the company at their meeting held on May 23, 2018, approved the same.

GVKPIL is an infrastructure development company. It engages in infrastructure and urban infrastructure projects. The company provides operation and maintenance services, manpower and consultancy services, and incidental services to owners of power plants, airports and infrastructure companies.


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