Friday, May 28, 2010

Actis to acquire stake in GVK s power biz


Private equity investor Actis is set to acquire a stake in GVK s power business for about Rs 1,000 crore. The deal was close to being finalised and would be done over the next six-eight weeks.
The UK-based PE fund could invest in the Hyderabad-headquartered company through its $750-million Emerging Markets Fund.
Source : Energetica-India : International Magazine on Renewable & Conventional Power Generation | Transmission | Distribution

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