GVK Power & Infrastructure Ltd has informed BSE that the board of directors of the company, at its meeting held on Thursday, approved the issue and allotment of equity shares, not exceeding Rs 1,000 crore, with a green shoe option to retain up to Rs 500 crore from the excess subscriptions received.
The issue will be made to qualified institutional buyers as per the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations.
The board said that this is subject to approval of the shareholders.