GVK Power rates QIP issue at Rs.41.35 per piece
Wednesday, July 8, 2009 2:55 pmBy ShareGyan.com NewsDesk
GVK Power & Infrastructure stated on Wednesday that it has set the rate for the issue of 17.33crore shares for the institutional purchasers at Rs.41.35 a piece. According to the bids obtained from QIBs, the (board) committee has sanctioned the issue of 17.33crore equity shares at a cost of Rs.41.35 per piece estimating to Rs.716.84crore.The bids for the issue of shares ended on 7th July.
GVK Power & Infrastructure’s shares traded at Rs.40.25, which is low with 3% in the post noon trade on the Sensex.
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