BSE Code - 532754
Face Value - Rs 1.00
Group - BSE 'A'
Shareholding pattern - (a)Promoters - 63.99%
(b)Institutions - 27.17%
(c)Non-Institutions - 8.84%
One year High - Low - Rs 38.30 - Rs 13.40
GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. It has successfully employed the public-private partnership model to build a portfolio of high quality assets.
GMR Infrastructure has signed a Memorandum of Understanding (MoU) with Japan Bank for International Cooperation (JBIC) for providing financial assistance to Japanese companies investing in Infrastructure projects of GMR Group.
The objective of this MOU is to provide low cost long duration financing for infrastructure development projects that involve Japanese companies in development of industrial parks, power, energy, ports, airports, highways and railway projects.
Through a framework of this MOU between JBIC and GMR, JBIC intends to promote opportunities for Japanese companies to participate in infrastructure projects. This will serve to improve infrastructure in India and support development of the necessary foundation for Japanese companies' business activities in India. Over the next 12 months, GMR and JBIC will work on identifying projects to attract Japanese investments.
Current stock price is Rs 26.65, up by 0.90 points from its previous closing of Rs 25.75 on the BSE.
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