GVK Power & Infrastructure Ltd - IPO

GVK Power & Infrastructure Ltd IPO Details

Public Issue of 8,275,556 Equity Shares of Rs. 10 each for cash at a price of Rs.310 per Equity Share inlcuding a share premium of Rs. 300 Per Equity Share aggregating Rs. 256.50 crores (referred to as the Issue). The Issue comprises a Net Issue to the Public of upto 7,861,778 Equity Shares of Rs. 10 each(the Net Issue) and a Reservation for existing Retail Public Shareholders of GIL(GIL Retail Public Shareholder Portion) of upto 5% of the Issue or 413,778 Equity Shares. The Issue will constitute 35% of the fully diluted post issue paid-up capital of the company.

Objective of issue

Investment in GPL for setting up 464MW Power Plant. Repayment of bridge finance aviled for GPL P Plant. Repayment of short and long term debt in GVKPIL.

GVK Power & Infrastructure Ltd Contact Details

GVK Power & Infrastructure Ltd, Karvy House No 46, Avenue 3 Street No 1, Banjara Hills, Hyderabad - 500034

Phone - 91-40-23420818

Fax - 91-40-23420814

Email - cs.gvkpil@gvk.com

Website - www.gvk.com