GVK Power & Infrastructure is planning to raise US$280 mn (Rs 13bn) from private equity majors 3i Group plc and Actis, according to a report.
3i Group plc and Actis are investing US $140 mn into the company, says reprot.
The report stated that company is expanding its power business and has lined up a slew of power projects and the equity would fund this expansion.
Source: India Infoline