GMR Infrastructure is currently trading at Rs. 16.95, up by 0.05 points or 0.30% from its previous closing of Rs. 16.90 on the BSE.
The scrip opened at Rs. 16.80 and has touched a high and low of Rs. 17.10 and Rs. 16.60 respectively. So far 656161 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 38.30 on 10-Jun-2014 and a 52 week low of Rs. 15.35 on 16-Dec-2014.
Last one week high and low of the scrip stood at Rs. 18.00 and Rs. 15.35 respectively. The current market cap of the company is Rs. 7370.51 crore.
The promoters holding in the company stood at 64.11% while Institutions and Non-Institutions held 24.34% and 11.54% respectively.
GMR-Megawide Cebu Airport Corporation (GMCAC) a joint venture between GMR Infrastructure (40% shareholding) and Megawide Construction Corporation (60% shareholding) has signed financing documents of its Mactan Cebu International Airport located in Cebu, Philippines. The financing will fund 70% of its total project cost of Php 33 billion (around $750 million).
BOO Capital & Investment Corporation acted as Lead Arranger to the transaction. The loan is being financed by a consortium of six banks. Total equity contribution of GMR to GMCAC will be approximately $90 million, out of which GMR has already invested $48 million and do not envisage any further investment in the near future.
GMCAC shall be responsible for construction, development, renovation, expansion and operation of the Mactan Cebu International Airport for a period of 25 years as provided in the Concession Agreement.
This marks a key milestone for GMCAC in its journey to transform MCIA into a world class airport. MCIA is the first airport in Philippines to be privatized under the administration's ambitious PPP programme aimed at modernizing key infrastructure assets.
In the international competitive bidding process GMR-Megawide Consortium had emerged as the highest bidder after offering a bid premium of 14.4 billion Philippine Pesos (approximately $305 million). The formal award of the project in April was followed by a six-month transition period to complete project formalities leading to the transfer of operations to GMCAC on November 1, 2014.
| Company Name | CMP |
|---|---|
| Dreamfolks Services | 83.03 |
| GMR Airports | 97.36 |
| View more.. | |
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