Gammon Infra hikes stake in Vizag Seaport to 73.76%

Posted on: October 6, 2009 at 4:10 pm

Gammon Infrastructure Projects today announced that it has concluded the purchase of 22,877,500 equity shares of Vizag Seaport (P) (VSPL) from International Port Services (P), the investment arm of Portia Management Services of UK.
The shareholding of Gammon in VSPL stand increased to 73.76%, making VSPL its subsidiary with effect from Oct. 1, 2009.
VSPL owns two [...]