Hyderabad: Hyderabad-based infrastructure major GVK Power and Infrastructure Limited is mulling over raising about Rs 4,000 crore from capital markets for its airport vertical.
The company is expected to file the draft red herring prospectus for the proposed initial public offering (IPO) of GVK Airport Developers Private Limited in a week or two, sources said.
Since March this year reports about the company's ongoing plans for the IPO were doing the rounds hinting at an offer size of about Rs 2,500 crore. “But what the company was planning to raise was up to Rs 4,000 crore. They were also talking to investors for private placement,” sources in the know said.
13/08/15 Business Standard
To Read the News in full at Source, Click the Headline
The company is expected to file the draft red herring prospectus for the proposed initial public offering (IPO) of GVK Airport Developers Private Limited in a week or two, sources said.
Since March this year reports about the company's ongoing plans for the IPO were doing the rounds hinting at an offer size of about Rs 2,500 crore. “But what the company was planning to raise was up to Rs 4,000 crore. They were also talking to investors for private placement,” sources in the know said.
13/08/15 Business Standard
