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GMR Infrastructure rises on unveiling strategic group restructuring plan

  • bitnet infotech
  • August 28, 2020
  • 9:07 am

GMR Infrastructure is currently trading at Rs. 25.85, up by 0.15 points or 0.58% from its previous closing of Rs. 25.70 on the BSE.

The scrip opened at Rs. 28.25 and has touched a high and low of Rs. 28.25 and Rs. 25.40 respectively. So far 8038804 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 28.25 on 28-Aug-2020 and a 52 week low of Rs. 14.10 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 28.25 and Rs. 24.30 respectively. The current market cap of the company is Rs. 15452.02 crore.

The promoters holding in the company stood at 65.52%, while Institutions and Non-Institutions held 24.64% and 9.85% respectively.

GMR Infrastructure has unveiled a strategic group restructuring involving demerger of non-airport vertical business as part of efforts to simplify the corporate holding structure. Along with the rejig, the board of GMR Infrastructure also approved raising up to Rs 5,000 crore through issuance of securities.

GMR Infrastructure is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones

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