GVK POWER and INFRASTRUCTURE LTD. - Clarifies on News item
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| 15 Nov 2014 | |
| With reference to the news item appearing in the Media captioned "GVK to lease out land near Mumbai Airport worth 450cr", GVK Power and Infrastructure Ltd has Clarified to BSE as under:<br/><br/>"GVK Power and Infrastructure Limited (Company) vide its letter dated August 27, 2014, had already intimated both the stock exchanges that Mumbai International Airport Pvt. Ltd. (MIAL), a subsidiary of the Company had kick started the monetisation of its commercial real estate by finalising lease of one of the parcel, to Oasis Realty Pvt. Ltd (Kamala Mills) and the said parcel is a part of the process of overall commercial development of 22 million square feet in phases over a period of 10 years. The Company then, thought that, it would be appropriate to inform the stock exchanges at the very beginning of this commercial development process instead of piece meal basis irrespective of the value of each such transaction.<br/><br/>Since then, MIAL, as a part of monetization of its commercial real estate, has been, during its normal course of business, negotiate and finalises with various interested parties for leasing the available premises, in a phased manner." | |
| View all announcements for GVK POWER and INFRASTRUCTURE LTD. | Source: BSE India |
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