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 Corporate - Outlook
GVK to raise up to Rs 2,500 cr

Hyderabad, July 1

The extraordinary general meeting of GVK Power & Infrastructure Ltd (GVKPIL) held today has approved a move by the company to raise up to Rs 2,500 crore, with an option to raise additional Rs 500 crore to meet its expansion plans. The company, in a statement to the BSE has informed that it has also approved a move to issue and allot up to Rs 30 crore worth shares to the promoters’ group.

— Our Bureau

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