Vertex ups stake in GVK Power to 7.4%

Sep 21 2011, 19:23 IST
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SummaryGVK Powersaid one of its promoters Vertex Infratech has increased its stake in the company.

GVK Power & Infrastructure today said one of its promoters Vertex Infratech has increased its stake in the company to 7.40 per cent.

Vertex Infratech bought an additional over 4.09 crore shares worth Rs 71.46 crore, thereby, hiking its stake by 2.59 per cent, according to regulatory filings.

Prior to today's transaction, Vertex Infratech held 4.81 per cent stake in GVK Power.

The shareholding has been increased by way of inter-se transfer of shares among promoters through market transaction.

According to the data available on the BSE, promoters held over 54.25 per cent stake in GVK Power at the end of June quarter.

GVK Power has a portfolio of gas, hydro and thermal energy projects.

Shares of the company gained nearly one peer cent to close at Rs 17.45 on the BSE.

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