GVK Power & Infrastructure witnessed a rise in share price on Friday after the company has announced the successful completion of the sale of its residual stake of 10% in Bangalore International Airport (BIAL), held through its subsidiary, Bangalore Airport Infrastructure Developers Private (BAIDPL) to Fairfax India Holdings Corporation (Fairfax India) for a consideration of Rs 12.90 billion (approximately USD 200 million).

Shares of GVK Power & Infrastructure are trading at Rs 7.58, up Rs 0.29, or 3.98% at the Bombay Stock Exchange (BSE) on Friday at 11:53 a.m.

The scrip has touched an intra-day high of Rs 7.78 and low of Rs 7.36. The total volume of shares traded at the BSE is 1,325,393.

Total volume of shares traded on the bourses today was lower by 62.62% to 5,861,158 compared with 22-day average volume of 15,679,830.