The stock pared all its gains and ended flat at Rs 47.30. The counter clocked volumes of 1.99 million shares as compred to the two-week daily average traded volumes of 3.66 million shares on the BSE.
________________________________________________

(Updated at 1025hrs)

GVK Power & Infrastructure has added in early trades on acquiring stake in BIAL.

The stock opened at Rs 48.25 and gained 2.6% to a high of Rs 48.50. It is now trading near its high at Rs 48.05 - up 1.7%. Around 428,912 shares have been traded on the BSE so far.

BSE  |  NSE Price

Click here for Cloud Computing

Also Read   Related Stories News Now - India, EU to resolve differences, reach trade deal in a year - BIG TV, Sony Music ink pact for Beyonce's concert - Sensex ends up 109pts - 'Separate index for primary, manufactured items better' - CES aims turnover of Rs 350 cr in 2009-10 - Garware Offshore bags Rs 45-cr contract

Also Read   Related Stories News Now - S&P reaches 7-month high before hitting wall - World Bank President Zoellick to step down on June 30 - Oil cos cut jet fuel prices by Rs 350/kl - Telcos operating profit to rise 5% in 2 yrs: Crisil - PESB recommends SS Narsing Rao for CIL's top slot More

GVKPIL CFO Issac George said the company raised Rs 720 crore in June in qualified institutional placements and would divert Rs 485 crore for the Bangalore International Airport. It is investing the remaining amount downstream, particularly in power plants.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - S&P reaches 7-month high before hitting wall - World Bank President Zoellick to step down on June 30 - Oil cos cut jet fuel prices by Rs 350/kl - Telcos operating profit to rise 5% in 2 yrs: Crisil - PESB recommends SS Narsing Rao for CIL's top slot

Tags : GVK power & Infrastructure |   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  We live for our family. have you secured them? -  Earn fuel worth Rs.2400 with Citi -  India's No. 1 Property Site. Click here to know more.. -  Get 5% cashback on telephone bills with Citi -  Diseases earlier, Saving Costs, Extending Lives. Know More.. -  Enjoy the journey as much as the destination. click to know more.. -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Medium-sized businesses are the engines of a smarter planet. -  Be part of it The World's Largest Aircraft. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Office 365 for professionals and small businesses. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more -  Health is Wealth..... Insurance + Savings... Know More...