GVK Power and Infrastructure Ltd (GVKPIL) will face insolvency proceedings for failure to pay loans to lenders, a corporate insolvency court has said. The Hyderabad bench of National Company Law Tribunal (NCLT) issued the order on a petition of lenders' group led by ICICI Bank Ltd, GVKPIL said in a stock exchange filing. The loan was originally availed of by GVK Coal Developers (Singapore) Pte Ltd over a decade ago, for which GVKPIL acted as a guarantor. The NCLT bench issued the order on July 12, which was made public on Monday. The petition was filed by ICICI Bank in 2022. NCLT appointed Satish Kumar Gupta as an interim resolution professional for managing the company during pendency of the insolvency. "The corporate debtor has acknowledged its liabilities and admitted the factum of corporate guarantee in its annual reports for the FYs 2018-19, 2019-20, and 2020-21. As on June 13, 2022, the borrower was liable to pay USD 1.84 billion comprising principal amount of USD 1.13 billi

GVK Power & Infrastructure Ltd. has gained 15.34% in the last 1 Month

GVK Power & Infrastructure Ltd.

14 Feb 2024

4.21

-0.47%

GVK Power Reports Rs 77 Crore net Loss In Q3

NDTV Profit

GVK is an Indian conglomerate with diversified interests across various sectors, including energy, airports, transportation, hospitality and life sciences.

GVK Power & Infrastructure Ltd. has lost -62.71% in the last 1 Year

GVK Power & Infrastructure Ltd.

21 Dec 2023

4.21

-0.47%

GVK Power & Infrastructure Share Price Live blog for 21 Dec 2023

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GVK Power & Infrastructure stock price went down today, 21 Dec 2023, by -4.96 %. The stock closed at 10.28 per share. The stock is currently trading at 9.77 per share. Investors should monitor GVK Power & Infrastructure stock price closely in the coming days and weeks to see how it reacts to the news.

GVK Power & Infrastructure Ltd. has gained 15.34% in the last 1 Month

GVK Power & Infrastructure Ltd.

15 Dec 2023

4.21

-0.47%

GVK Power & Infrastructure Share Price Live blog for 15 Dec 2023

livemint

GVK Power & Infrastructure stock price went up today, 15 Dec 2023, by 0.47 %. The stock closed at 10.65 per share. The stock is currently trading at 10.7 per share. Investors should monitor GVK Power & Infrastructure stock price closely in the coming days and weeks to see how it reacts to the news.

GVK Power & Infrastructure Ltd. has lost -62.71% in the last 1 Year

GVK Power & Infrastructure Ltd.

07 Sep 2023

4.21

-0.47%

GVK Power and Infrastructure gains over 4%; CFO Anicattu Issac George resigns

Moneycontrol

Anicattu Issac George had stepped down from his position as Chief Financial Officer (CFO) with GVK Power and Infrastrcuture as of August 31

GVK Power & Infrastructure Ltd. has gained 15.34% in the last 1 Month

GVK Power & Infrastructure Ltd.

31 Aug 2023

4.21

-0.47%

GVK Power & Infrastructure Share Price Live blog for 31 Aug 2023

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GVK Power & Infrastructure stock price went up today, 31 Aug 2023, by 4.92 %. The stock closed at 4.47 per share. The stock is currently trading at 4.69 per share. Investors should monitor GVK Power & Infrastructure stock price closely in the coming days and weeks to see how it reacts to the news.

GVK Power & Infrastructure Ltd. has gained 15.34% in the last 1 Month

GVK Power & Infrastructure Ltd.

30 Aug 2023

4.21

-0.47%

GVK Power & Infrastructure Share Price Live blog for 30 Aug 2023

livemint

GVK Power & Infrastructure stock price went up today, 30 Aug 2023, by 4.93 %. The stock closed at 4.26 per share. The stock is currently trading at 4.47 per share. Investors should monitor GVK Power & Infrastructure stock price closely in the coming days and weeks to see how it reacts to the news.

GVK Power & Infrastructure Ltd. has lost -62.71% in the last 1 Year

GVK Power & Infrastructure Ltd.

29 Aug 2023

4.21

-0.47%

GVK Power & Infrastructure share price Today Live Updates : GVK Power & Infrastructure Surges in Trading Today

livemint

GVK Power & Infrastructure stock price went up today, 29 Aug 2023, by 4.93 %. The stock closed at 4.26 per share. The stock is currently trading at 4.47 per share. Investors should monitor GVK Power & Infrastructure stock price closely in the coming days and weeks to see how it reacts to the news.

GVK Power & Infrastructure Ltd. is trading above its 100 day SMA of 3.9

Is GVK Power & Infrastructure Ltd. worth buying?

1081 Votes:

Buy 74.56%

Sell 13.41%

Hold 12.03%

64.56% Fall from 52W High

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