GMR Holdings hikes stake in GMR Infra to 74.25%

GMR Holdings hikes stake in GMR Infra to 74.25%
PTI
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First Published: Fri, Feb 27 2009. 01 44 PM IST
Updated: Fri, Feb 27 2009. 01 44 PM IST
Mumbai: GMR Holdings, one of the promoter group companies of GMR Infrastructure, has hiked its stake in the latter to 74.25% after purchasing shares worth Rs5.55 crore through the open market transaction.
In a filing to the BSE, GMR Infrastructure said that promoter and holding company GMR Holdings has purchased 7,00,000 shares worth Rs5.55 crore.
GMR Holdings has purchased five lakh shares, which would cost the promoter Rs4.01 crore, calculated on the basis of the closing price of 18 February and purchased two lakh shares at Rs1.53 crore (calculated on the closing price of 24 February).
Further, consequent on the aforesaid acquisition of seven lakh shares, GMR Holdings now holds over 135.19 crore shares representing a 74.25% stake in GMR Infrastructure.
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First Published: Fri, Feb 27 2009. 01 44 PM IST