The Economic Times, 19 Jun 2012
MUMBAI: GVK Power and Infrastructure is seeking to raise $500 million to $600 million by selling a stake in its Singapore arm and is in talks with Government of Singapore Investment Corp for a potential deal, two sources with direct knowledge of the matter said.
GVK Power is looking to sell a stake in GVK Coal Developers as soon as possible, Group CFO Issac George said on Monday, declining to identify prospective investors or the potential size of a deal. "There are people who have approached us, who have shown tremendous amount of interest," he told Reuters.
A spokeswoman with the Singapore sovereign fund declined to comment. Full story
Related:
India's GVK eyes $500-$600 mln unit stake sale-sources - Reuters India
