GVK Power & Infrastructure Ltd has said the shareholding of PE investors — 3i India Infrastructure, Actis Infrastructure India PCC Ltd and Indivest PTE Ltd — in GVK Energy Ltd, a subsidiary of the company, has gone up from 26.06 per cent to 37.20 per cent following conversion of debentures.
The company board, which met here to finalise the first quarter results, said this was consequent to the conversion of cumulative convertible preference shares (CCPS) into equity shares of Rs 10 each held by these PE investors.
The shareholding of GVK PIL in GVK Energy Ltd has come down to 62.80 per cent from 73.94 per cent.
GVK PIL pares losses to Rs 124 cr in Q1
GVK PIL has posted a net loss of Rs 123.92 crore for the quarter ended June 30, 2015, as compared to a net loss of Rs 281.33 crore for the corresponding quarter last year on a consolidated basis. Total income has increased to Rs 1,018.53 crore in the first quarter as against Rs 737.81 crore for the quarter ended June 30, 2014.
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