Meanwhile, the S&P BSE Sensex was down 60.71 points, or 0.19% to 31,212.58.

On the BSE, 87,000 shares were traded in the counter so far, compared with average daily volumes of 9.72 lakh shares in the past one quarter. The stock had hit a high of Rs 6.30 and a low of Rs 6.02 so far during the day. The stock hit a 52-week high of Rs 7.70 on 14 February 2017. The stock hit a record low of Rs 4.13 on 6 June 2016.

The stock had underperformed the market over the past one month till 2 June 2017, falling 2.30% compared with 3.81% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 7.33% as against Sensex's 8.47% rise.

The small-cap company has equity capital of Rs 157.92 crore. Face value per share is Re 1.

GVK Power & Infrastructure announced that its board of directors at a meeting held on 2 June 2017, approved the sale of residual 3.84 crore shares corresponding to 10% of the issued & paid up share capital in Bangalore International Airport (BIAL) held by GVK Airport Developers through Bangalore Airport & Infrastructure Developers (BAIDPL), a step down subsidiary of the company, to FIH Mauritius Investments (FMIL) and its affiliates at an aggregate purchase consideration of Rs 1290 crore. The aforesaid sale will be completed upon obtaining necessary consents/approvals as may be necessary including from the lenders.

GVK Power & Infrastructure reported net loss of Rs 205.85 crore in Q4 March 2017 higher than net loss of Rs 105.59 crore in Q4 March 2016. Net sales rose 4.1% to Rs 7.10 crore in Q4 March 2017 over Q4 March 2016.

GVK is a leading Indian conglomerate with diversified interests across various sectors including energy, resources, airports, transportation, hospitality and life sciences.