NEW DELHI: Shares of GVK Power & Infrastructure surged nearly 10 per cent on Monday morning. Last Thursday, the company had agreed to offer 49 per cent stake in GVK Airport Holdings to Abu Dhabi Investment Authority (ADIA) and the National Investment and Infrastructure Fund (NIIF).
The scrip rose nearly 10 per cent to hit a high of Rs 8.05. Later, the scrip was hovering at Rs 7.93, up 8.33 per cent at 10:38 am. This was against 0.65 per cent fall in the BSE Sensex.
The investments will help the cash-strapped group to stave off overtures from Gautam Adani keen to buy the flagship Mumbai airport.
