 "GVK likely to sell Aussie stake to raise up to $500 mn")
GVK Power and Infrastructure is looking to sell a minority holding in its Australian unit, GVK Hancock, to raise funds to retire part of its debt and fund operations, three sources with direct knowledge of the matter told Reuters.
[caption id=“attachment_163255” align=“alignleft” width=“380” caption=“GVK, however, said the information was speculative”]  [/caption]
The Indian power and infrastructure firm hired Citigroup and Macquarie to raise funds between $300 miilion and $500 million, said the sources, who declined to be named as they were not authorised the speak before a public announcement.
A GVK spokesman said the information was speculative and declined to comment.
A Citigroup spokesman did not immediately return phone calls seeking comment, while Macquarie declined to comment.
Reuters
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
](https://images.firstpost.com/wp-content/uploads/2011/12/moneygirl2.jpg){kind=link}