InvestorQ : What will happen to existing shareholders of gvkpil? will they be benefited by the adani deal?
Bhagwan parge made post

What will happen to existing shareholders of gvkpil? will they be benefited by the adani deal?

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Mitali Bhutta answered.
2 months ago
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Here is what you need to know about holding shares of GVKPIL.

· The stock is heavily leveraged and hence traders and investors need to be careful as the huge debt will be an overhang.

· It has lost its most valuable asset, the Mumbai order, as it has been forced to sell its stake in the airport business to Adani group due to liquidity constraints.

· The GVK group is also in the midst of a major investigation by ED about money laundering wherein money from MIAL has been siphoned into group companies.

· Its core construction business which is left and the power plant it owns are both in deep financial trouble and the current market condition is hardly conducive.

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