GVK Power acquires Australia's Hancock Coal for $1.26 billion, plans to invest $10 billion more GVK Power said it has agreed to acquire Australia's Hancock Coal for $1.26 billion, in one of the largest overseas acquisitions by an Indian infrastructure entity.
Adani Group to acquire GVK ADL's debt, other investors' stake in Mumbai airport to take controlling interest Separately, GVK said it has terminated its agreement with Abu Dhabi Investment Authority, National Investment and Infrastructure Fund and PSP for its airports business.
Adani Ports, GVK Power shares jump 4% on AAHL's plans to acquire GVK Airport's debt Adani Group will also take steps to complete the acquisition of a 23.5 percent equity stake from ACSA and Bidvest in MIAL for which it has obtained CCI approval
National Financial Reporting Authority (NFRA) to probe PwC, quitting auditors People in the know say NFRA is set to question PwC on whether the auditor had raised any red flags earlier in the reported results.
ED registers case against GVK promoters under Prevention of Money Laundering Act This development comes a week after the Central Bureau of Investigation (CBI) registered a case of cheating and forgery against the GVK Group, its promoter GVK Reddy, Sanjay Reddy, MIAL and nine other companies for causing a loss of Rs 705 crore to the government
Earnings hits & misses: Top 10 companies that declared Q3 results this week Earnings season has been mixed as economic slowdown impacted the revenue growth of the companies, however, an improvement was seen in operating performance (largely due to cost-cutting measures) and bottom-line (corporate tax benefits), said Ajit Mishra of Religare Broking.
GVK Power shares surge 7% after the firm reports a fall in net loss for Q3FY20 The company reported a consolidated net loss of Rs 120.1 crore for the December quarter of the financial year 2020 against a loss of Rs 122.6 crore in the corresponding quarter of the previous financial year.
State Bank of India becomes lead financier of Navi Mumbai Airport project: Report The country's largest lender will contribute around Rs 4,500 crore of the total funding required for the Rs 16,000-crore airport project.
GVK Power sheds nearly 3% after arm terminates concession agreement with NHAI The share touched its 52-week high Rs 10.84 and 52-week low Rs 4.16 on 17 September, 2018 and 04 September, 2019, respectively.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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