GMR Infrastructure is currently trading at Rs. 19.20, up by 0.40 points or 2.13% from its previous closing of Rs. 18.80 on the BSE.
The scrip opened at Rs. 19.20 and has touched a high and low of Rs. 19.60 and Rs. 19.05 respectively. So far 495230 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 34.00 on 14-Mar-2012 and a 52 week low of Rs. 16.75 on 29-Nov-2012.
Last one week high and low of the scrip stood at Rs. 19.60 and Rs. 17.00 respectively. The current market cap of the company is Rs. 7454.01 crore.
The promoters holding in the company stood at 71.64% while Institutions and Non-Institutions held 18.12% and 10.24% respectively.
GMR Group has entered into a Share Purchase Agreement (SPA) to sell its 70% interest in GMR Energy (Singapore) (GMRE) to FPM Power Holdings (FPM Power) for a total equity value of S$ 660 million. The company has inked SPA on March 4, 2013. Out of this, FPM Power will invest S$ 60 million in GMRE as the balance equity.
This sale translates to an Enterprise Value (100% basis) for GMRE of S$1,612 million ($1,293 million) on project completion by end 2013. The transaction is subject to approval from Project Finance lenders to GMRE and is expected to close by end of March, 2013. This divestment of GMR will result in a profit of Rs 1,356 crore (S$ 307 million) and releases capital amounting to Rs, 1616 crore (S$ 366 million).
GMRE is a company established for the construction, operation and maintenance of a 2X400 MW (gross) Natural Gas fuelled power plant on Jurong Island, Singapore. The GMRE power plant is nearly 96% complete and expected to commence operations by the end of 2013. GMR Infrastructure (Singapore) owns 66.4% of GMRE and 3.6% is held by GMR Infrastructure. The balance 30% stake in GMRE is held by PETRONAS who will continue to stay invested in the project.
FPM Power is a 60:40 Joint Venture established between First Pacific Company (First Pacific) and MERALCO Power Gen Corporation (MPG), a wholly-owned subsidiary of Manila Electric Company (MERALCO).
| Company Name | CMP |
|---|---|
| Dreamfolks Services | 419.70 |
| GMR Airports | 79.09 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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