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GMR Holdings pledges 14.41% stake in GMR Infrastructure with ITCL

05 May 2015 Evaluate

GMR Infrastructure’s parent firm GMR Holdings has pledged 14.41% stake in the company with IL&FS Trust Company (ITCL). GMR Holdings has pledged 76,29,71,000 equity shares of GMR Infrastructure held by it with ITCL in capacity as a Debenture Trustee to secure the issue of Non Convertible Debentures (NCD) issued by GMR Holdings.

With this, ITCL’s stake in GMR Infrastructure rose to 33.25% or 1,58,42,18,000 shares. GMR Holdings, a promoter of GMR Infrastructure, held 51.97% stake in the firm, as of April 18.

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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97.99 -3.32 (-3.28%)
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