SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Gammon Infra terminates shareholders agreement entered with Simplex

03 Sep 2013 Evaluate

Gammon Infrastructure Projects has terminated the shareholders agreement entered with Simplex Infrastructures. Accordingly, the company shall hold 100% equity stake in Vijayawada Gundugolanu Road Project (VGRPPL) and no stake in Maa Durga Expressways.

The company had earlier on April 26, 2012 entered into an agreement for purchasing 49% equity stake in Maa Durga Expressways promoted by Simplex for implementing the project for Four laning of Mahulia to Bahragora section on NH-33 and Bahragora to Kharagpur on NH-6 in the states of Jharkhand and West Bengal respectively under NHDP Phase III on DBFOT (Toll) Basis awarded, by the National Highways Authority of India (NHAI) to Simplex Infrastructures (Simplex).

The company had also entered into another agreement with Simplex for selling 49% equity stake in VGRPPL promoted by the company for implementing the project for Six laning of Vijayawada - Gundugolanu section of NH-5 in the state of Andhra Pradesh under NHDP Phase V on DBFOT (Toll) basis awarded by the NHAI to the company.

AJR Infra and Toll Share Price

0.68 0.00 (0.00%)
03-Oct-2023 18:03 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4083.65
Rail Vikas Nigam 281.75
NCC 154.20
KEC International 571.80
Kalpataru Projects 1206.10
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×