Gammon Infrastructure Projects has received an approval to buy-out the 20% equity stake representing 1,03,99,500 equity shares of Rs 10 each held by Sadbhav Engineering from Mumbai Nasik Expressway at a cumulative price of Rs. 72 crore; subject to requisite approvals. The authorized committee of the board of directors of the company at their meeting have approved for the same.
Mumbai Nasik Expressway is the special purpose vehicle promoted by the company to develop, operate and manage the Vadape to Gonde section of the National Highway no.3 in the state of Maharashtra.
Gammon Infrastructure Projects (GIPL) is an infrastructure project development company incorporated by Gammon India, to participate in the development of infrastructure projects on a public private partnership (PPP) basis.
Gammon Infrastructure Projects is currently trading at Rs. 15.45, up by 0.25 points or 1.64% from its previous closing of Rs. 15.20 on the BSE.
Mumbai Nasik Expressway is the special purpose vehicle promoted by the company to develop, operate and manage the Vadape to Gonde section of the National Highway no.3 in the state of Maharashtra.
Gammon Infrastructure Projects (GIPL) is an infrastructure project development company incorporated by Gammon India, to participate in the development of infrastructure projects on a public private partnership (PPP) basis.
Gammon Infrastructure Projects is currently trading at Rs. 15.45, up by 0.25 points or 1.64% from its previous closing of Rs. 15.20 on the BSE.
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