August 13, 2013

Press Release No. 1

New about GVK Power & Infrastructure Limited

The media had reports that GVK Power & Infrastructure Limited is in process to sell stake in its Airport Business.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

GVK Power & Infrastructure Limited has vide its letter inter-alia stated, "We wish to inform you that the company is exploring various options for relieving some of its debt. An option that is being looked at is, raising equity at the Airport Holding Company, to retire the debt raised for the airport acquisition. The company is in discussion with a few investors in this matter. Since, the discussions are at a preliminary stage, it would not be appropriate for the company to divulge any details at this stage. No sooner the deal crystalizes, we would be in a position to inform the regulatory authorities on the same."