GVK POWER JUMPS 6%

Shares of GVK Power & Infrastructure climbed 6 per cent in Monday’s trade after the company informed stocks exchanges that it has sold its residual 10 per cent stake in Bangalore International Airport to Fairfax India Holdings for Rs 1,290 crore. 

In a filing to BSE, the company said that the move will help it reduce debt burden and focus on Mumbai and Navi Mumbai airports. Following the development, the stock rose 6.06 per cent to hit a high of Rs 6.30 on BSE.


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