Bangalore: Private infrastructure company, GVK group is mulling over options to list their airports business abroad to bring in more cash to the company.
Though the plans are yet to be confirmed, sources indicate that the company has been in talks with stock exchanges abroad to bring in more liquidity options into their airports business. The Indian infrastructure sector, which has seen some of its worst times due to persistent macroeconomic conditions is expecting investments to the tune of $1 trillion to fund projects during the 12th Plan (2012-17) period.
The company will follow another infrastructure major, GMR which listed its subsidiary at the Singapore exchanges last year. According to the Interim report of the High Level Committee in Financing of Infrastructure (Planning Commission) last year, the airports sector alone is expecting an investment of Rs 71,000 crore during the 12th Plan.
26/02/13 Sharan Poovanna/New Indian Express
