In a bid to bring down company’s debt, GVK Power & Infrastructure is reportedly planning to sell part stake in its two Indonesian airport projects. In this regard, the company is in initial talks with prospective buyers.
Local players have expressed interest in stake, while a consortium of PE Players is also eying stake in the company’s airport projects. The company is expected to fetch up to $500 million from the deal.
GVK Power & Infrastructure is engaged in infrastructure development in areas of power, airports and roads. Incorporated in 1994, the company till date has invested over Rs 5,000 crore in infrastructure projects.
Local players have expressed interest in stake, while a consortium of PE Players is also eying stake in the company’s airport projects. The company is expected to fetch up to $500 million from the deal.
GVK Power & Infrastructure is engaged in infrastructure development in areas of power, airports and roads. Incorporated in 1994, the company till date has invested over Rs 5,000 crore in infrastructure projects.
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