GVK Power plans $250 million airport unit IPO

31 Mar 2015

GVK Power & Infrastructure, an India-limited company announced that it is expected to file a draft prospectus for up to $250 million (approx Rs 1,565 crore) initial public offer (IPO) of its airport unit shortly.

GVK has mandated Citigroup, Bank of America-Merrill Lynch, Axis Capital and JM Financial Services to manage the IPO.

The company is engaged in the business of providing operation and maintenance services, manpower and consultancy services and incidental services to owners of power plants, airports and infrastructure companies.

Source: Dion Global Type: IPO Related

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