Gammon Infrastructure Projects is currently trading at Rs. 11.93, up by 0.51 points or 4.47% from its previous closing of Rs. 11.42 on the BSE.
The scrip opened at Rs. 12.50 and has touched a high and low of Rs. 13.00 and Rs. 11.70 respectively. So far 12,15,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 20.85 on 20-Nov-2014 and a 52 week low of Rs. 9.05 on 12-Jun-2015.
Last one week high and low of the scrip stood at Rs. 13.00 and Rs. 9.10 respectively. The current market cap of the company is Rs. 1,123.00 crore.
The promoters holding in the company stood at 58.45%, while Institutions and Non-Institutions held 27.56% and 13.99% respectively.
Gammon Infrastructure Projects (GIPL), a subsidiary of Gammon India, has reportedly signed share purchase pact to divest 9 of its project companies to BIF Holdings. The total cash inflows for GIPL on account of the divestment will be around Rs 563 crore subject to closing adjustments and additional cash inflows of up to Rs 100 crore can be realised by GIPL ahead crystallization of certain milestones in future.
Gammon Infrastructure Projects is an infrastructure project development company incorporated by Gammon India, to participate in the development of infrastructure projects on a public private partnership (PPP) basis.
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