The much-hyped acquisition of Hancock coal projects could leave a bitter aftertaste for shareholders of GVK Power and Infrastructure Ltd.
The company holds only 10% stake in the projects, while the rest is held by GVK Coal Developers (Singapore) Pte Ltd, a subsidiary of GVK Natural Resources Pte Ltd, which is owned by the promoters of GVK Power.
For GVK Power investors, Hancock’s a raw deal
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