GMR Infrastructure is currently trading at Rs. 25.60, up by 0.45 points or 1.79% from its previous closing of Rs. 25.15 on the BSE.
The scrip opened at Rs. 25.45 and has touched a high and low of Rs. 25.70 and Rs. 24.90 respectively. So far 705272 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 34.40 on 17-Feb-2012 and a 52 week low of Rs. 17.70 on 13-Dec-2011.
Last one week high and low of the scrip stood at Rs. 25.70 and Rs. 22.25 respectively. The current market cap of the company is Rs. 9945.17 crore.
The promoters holding in the company stood at 71.43% while Institutions and Non-Institutions held 19.89% and 8.68% respectively.
GMR Coal Resources (GCPRL) and PT Dian Swastatika Sentosa TBK (DSS) have entered into a conditional share purchase agreement (SPA) with United Fiber System (UFS), a company listed on Singapore Stock Exchange. Under this SPA, UFS will acquire the shares held by GCRPL and DSS in GEMS in exchange for allotment and issuance of fully paid shares of UFS to both GCRPL and DSS on completion. As a result of this transaction, GCRPL and DSS will hold about 94.4% (27% by GCRPL & 67.4% by DSS) of the issued and paid up capital of UFS on completion and UPS will hold about 97% of the paid up capital of GEMS. Post the necessary regulatory and shareholder approvals, the transaction is likely to be consummated in the fourth quarter of the current financial year.
UPS being listed on Singapore Stock exchange provides significant benefits to GMR Energy by way of better investor appetite and higher liquidity. This will also serve as a long term and global platform for GCPRL and DSS to expand the coal mining business.
GCPRL, a Singapore based subsidiary of GMR Energy (subsidiary of GMR Infrastructure) and DSS together hold 97% (GCRPL 30% & DSS 67%) of the issued and paid up capital of PT Golden Energy Mines Tbk (GEMS), a Company incorporated in Jakarta and listed on Indonesia Stock Exchange.
| Company Name | CMP |
|---|---|
| Dreamfolks Services | 419.70 |
| GMR Airports | 79.09 |
| View more.. | |
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