Announced Thu, 29 Oct, 2026 · 17:02 IST
Five Australian GVKCDPL subsidiaries enter liquidation
GVKPIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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₹2.02
prior close
₹1.96
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AI summary
Liquidation proceedings began in Australia for five subsidiaries of GVK Coal Developers Singapore, in which GVK Power holds a 10% interest. GVK Power's investments and receivables related to it were already fully impaired, but corporate guarantees and related lender claims remain disclosed exposures. The company is under the corporate insolvency resolution process.
Likely market impact
Investments and receivables are already written off, limiting further loss. Guarantees and lender claims remain possible downside for shareholders.