January 2, 2007
The media had reports on January 01, 2007 that GVK Power & Infrastructure Limited is planning consolidation. Further, the promoters may offload upto 15% stake to private equity investors.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
GVK Power & Infrastructure Limited has vide its letter inter-alia stated, "In this regard, we wish to inform you that the above news item has not been released by our Company. We further wish to state that the consolidation is being discussed internally and it is in the preliminary stage only. Please note that the SEBI / Stock Exchanges will be informed by the Company at an appropriate time as and when there is finality on the same."
Source: National Stock Exchange of India Limited
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