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GVK Power gets approval to raise Rs 8,000 crore for debtrepayment

Saturday, November 17, 2018, 7:59 PM

GVKPIL has received the shareholders' approval to raise-up to Rs.8,000 crore. The resolution to raise the funds, by a combination of various options listed on the agenda of the AGM held recently, has been passed by the requisite majority, the company said in a BSE filing. The company said that it has received bids from 15-companies and is expected to be closed by December.