learned that GVK power is going for IPO for airport vertical in the month of July 2018. They have said that the IPO is purely to retire the debt. As per the management the airport vertical has a debt of Rs 8000 crore. Debt on power vertical is Rs 11,000 crore. The consolidated debt is Rs 23,400 crore.
Can any respected and experienced members in this forum explain how this is going to affect a retail shareholder.
Discl: a friend has invested a substantial amount at an average buy price of 16/-