Gammon India to sell 52.80 crore equity shares of Gammon Infrastructure Projects

22 Aug 2014 Evaluate

Gammon India has received an approval for sale of 52.80 crore equity shares held by the company in its subsidiary viz. Gammon Infrastructure Projects to its another subsidiary viz. Gammon Power, subject to all the necessary approvals. The board of directors at its meeting held on August 21, 2014 has approved for the same.

Gammon India provides engineering services and construction of services. It operates in plan, design and undertakes construction of roads, highways, bridges and other projects.

Peers
Company Name CMP
Larsen & Toubro 1844.00
Rail Vikas Nigam 30.95
KEC International 395.75
NCC 64.50
Ircon International 40.65
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