India’s GVK considers PE funding for roads business
GVK Power and Infrastructure is considering private equity funding for its roads business. Isaac George, CFO of GVK, said in an earnings conference call that a couple of investors have already expressed an interest in the company’s transport business.
GVK already has two projects in operation and two under construction, and George said the company expects to be awarded another shortly, which would take total coverage past 600 kilometers. The company...
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