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Global Vectra Helicorp zooms on inking MoU for Helicopter Emergency Medical Services in India

15 Mar 2016

Global Vectra Helicorp is currently trading at Rs 81.95, up by 3.90 points or 5% from its previous closing of Rs 78.05 on the BSE.

The scrip opened at Rs 81.95 and has touched a high and low of Rs 81.95 and Rs 81.40 respectively. So far 6428 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 149.00 on 08-Jan-2016 and a 52 week low of Rs. 39.90 on 26-Mar-2015.

Last one week high and low of the scrip stood at Rs. 81.95 and Rs. 73.20 respectively. The current market cap of the company is Rs. 114.73 crore.

The promoters holding in the company stood at 75% while Non-Institutions held 25.00%.

Global Vectra Helicorp (GVHL) has inked a Memorandum of Understanding (MoU) with Era Group Inc. (Era) to jointly develop Helicopter Emergency Medical Services (HEMS) for the Indian market. Under the MoU, GVHL and Era will collaborate on an exclusive basis to develop a marketing and operational plan to reach and provide medical assistance to casualties following accidents and disasters, evacuate critical care patients and engage in other lifesaving missions within India.

HEMS represents a modern trauma care delivery system designed to facilitate rapid delivery of medical attention to patients with time sensitive medical conditions and to provide transport to patients who may be inaccessible by other means, along with attendant specialized medical expertise and equipment that may be required prior to or during transport.

Global Vectra Helicorp is India’s largest private helicopter company, with a fleet of 27 aircraft, including helicopters manufactured by Bell (Bell 412), Airbus (H155 B1, H135 P2, H130 T2 and AS 350 B3) & Finmeccanica (AW139).

Related Global Vectra Helicorp Ltd. Links:

Global Vectra Helico Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323