Brief: GVK Power & Infrastructure Signs Deal With ADIA & NIIF
18/04/2019 14:32
April 18 (Reuters) - GVK Power & Infrastructure Ltd
GVKP.NS :
* UNITS SIGN AGREEMENT WITH ABU DHABI INVESTMENT AUTHORITY
AND
NATIONAL INVESTMENT & INFRASTRUCTURE FUND
* AGREEMENT FOR INVESTMENT IN NEW SHARES IN GVKAHL EQUATING
TO 49
PERCENT STAKE
* ALL PROCEEDS FROM PROPOSED TRANSACTION WILL BE USED BY GVK
TOWARDS RETIRING DEBT OBLIGATIONS
Source text : https://reut.rs/2GufVmM
Further company coverage: GVKP.NS
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