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AJR Infra and Tolling completes sale of stake in Vizag Seaport

17 Nov 2021 Evaluate

AJR Infra And Tolling has completed sale of 2,87,73,117 equity shares of Rs 10 each (33.00% of the total paid-up capital of Vizag Seaport) held by the company in Vizag Seaport to Shripriya Ports at a consideration of Rs 26.40 crore. Consequent to the aforesaid sale, the shareholding of the company in Vizag Seaport has been reduced from 73.76% to 40.76% and Vizag Seaport has ceased to be a subsidiary of the company.

AJR Infra and Tolling (AJRITL) is an infrastructure project development company incorporated by Gammon India Limited, to participate in the development of infrastructure projects on a public private partnership (PPP) basis.

Peers
Company Name CMP
Larsen & Toubro 3656.00
Kalpataru Projects 1393.80
NCC 123.80
Rail Vikas Nigam 196.50
KEC International 356.50
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