GVK Power up on capex plans

DALAL STREET SPIKES

GVK Power and Infrastructure closed nearly 10 per cent up to Rs 366.5 "� its 52-week high "� as the scrip was boosted by its plans to raise Rs 1,221 crore through an issue of shares through the qualified institutional placement route.

GVK Power and infrastructure, which is the holding company of the power business of the GVK group, has had quite a tepid time at the bourses in the past year, rising about 11.8 per cent over the last year.