Gammon Infra board approves to raise funds upto Rs 5 billion
May 28, 2009 – 11:57 am | 17 views
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Gammon Infrastructure Projects board at its meeting held on May 27, 2009 has approved the issue of further capital of upto Rs 5 billion to Qualified Institutional Buyers (QIB).
The board has also called extraordinary general meeting of the shareholders of the company on Jun 30, 2009 to seek the approval of shareholders for the same. Gammon Infrastructure Projects is an infrastructure project development company participating in the development of infrastructure projects on a public private partnership (PPP) basis.
Shares of the company gained Rs 5.55, or 4.96%, to settle at Rs 117.50. The total volume of shares traded was 1,978.00 at the BSE (Wednesday).
Tags: Gammon Infrastructure Projects, Infrastructure Projects, public-private partnership, Qualified Institutional Buyers
