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Corporate Announcement

Security Code : 532708    Company : GVKPIL    
 
Clarifies on news item 
  Exchange Disseminated Time     
With reference to the news item appearing in the news channel regarding "Company in talks wid 4-5 investors to sell stake in airport biz, hancock mining biz in few months", GVK Power & Infrastructure Ltd has Clarified to BSE as under:

"The company is exploring various options for reducing some of its debt. An option that is being looked at is, raising equity at the Airport Holding Company, to retire the debt raised for the airport acquisition. The Company is in discussion with a few investors in this matter. The Company is also exploring a possibility to bring in an equity investor(s) into Hancock Infrastructure Pvt Limited, which is a holding company, for the Rail and Port Projects in Australia.

Since the discussions are at a preliminary stage, it would not be appropriate for the company to divulge any details at this stage. No sooner the deal crystallizes, we would be in a position to inform the regulatory authorities on the same."
 

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