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GMR Infrastructure rises as its arm sells entire stake in Delhi Cargo Service Centre

17 Mar 2015 Evaluate

GMR Infrastructure is currently trading at Rs. 16.35, up by 0.10 points or 0.62% from its previous closing of Rs. 16.25 on the BSE.

The scrip opened at Rs. 16.45 and has touched a high and low of Rs. 16.70 and Rs. 16.25 respectively. So far 296999 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 37.58 on 10-Jun-2014 and a 52 week low of Rs. 15.06 on 16-Dec-2014.

Last one week high and low of the scrip stood at Rs. 17.27 and Rs. 16.00 respectively. The current market cap of the company is Rs. 8605.68 crore.

The promoters holding in the company stood at 64.83% while Institutions and Non-Institutions held 22.67% and 12.50% respectively.

GMR Infrastructure’s subsidiary - Delhi International Airport (DIAL), has sold and transferred its entire holding of 1,09,20,000 equity shares of face value of Rs 10 each of Delhi Cargo Service Centre, to India Infrastructure Fund-II (investment manager - IDFC Alternatives), for Rs 26.20 per share and has received the total consideration of Rs 28.60 crore.

DIAL had earlier on February 21, 2015, entered into a definitive agreement to sell its entire stake of 26% of the equity capital of Delhi Cargo Service Centre which operates cargo operations at Delhi Airport.

GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. It has successfully employed the public-private partnership model to build a portfolio of high quality assets.

 

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