Clarifies on News Item

| Updated on August 13, 2013 Published on August 13, 2013

With reference to the news item appearing in a leading financial daily about sale of stake in airport business, GVK Power & Infrastructure Ltd has clarified to BSE that the Company is exploring various options for relieving some of its debt. An option that is being looked at is, raising equity at the Airport Holding Company, to retire the debt raised for the airport acquisition. The Company is in discussion with a few investors in this matter.

Since, the discussions are at a preliminary stage, it would not be appropriate for the Company to divulge any details at this stage. No sooner the deal crystalizes, the Company would be in a position to inform the regulatory authorities on the same.

Source : BSE - >www.bseindia.com

Published on August 13, 2013
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