GVK Power & Infrastructure today said it has fixed the price for the issue of 17.33 crore shares for the institutional buyers at Rs 41.35 a piece.
As per the "bids received from QIBs, the (board) committee has approved the issue of 17.33 crore equity shares at a price of Rs 41.35 per piece aggregating to Rs 716.84 crore," the company said in a filing to the BSE.
The bids for the issue of shares closed on July 7, the power and infrastructure developer added.
Shares of GVK Power & Infrastructure were trading at Rs 40.25, down 3 per cent in the afternoon trade on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app