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GMR Infra promoter hikes stake to 74.26%

GMR Infra promoter hikes stake to 74.26%
PTI
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First Published: Tue, Mar 03 2009. 05 34 PM IST
Updated: Tue, Mar 03 2009. 05 34 PM IST
Mumbai: GMR Holdings has hiked its stake in GMR Infrastructure, a company it promotes, to 74.26% after purchasing one lakh shares through an open-market transaction.
GMR Infra, in a filing to the Bombay Stock Exchange, said the GMR Holdings has purchased its one lakh shares.
On 26 February, the promoter purchased 55,000 shares and the next day it bought 45,000 shares, the filing added.
Calculated on the basis of closing prices on 26 and 27 February, the purchased shares were valued Rs78.58 lakh.
After the aforesaid purchase, the promoter group now holds over 135 crore shares representing 74.26% stake in GMR Infra.
Shares of GMR Infra settled at Rs75.30, down 0.59% on the BSE.
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First Published: Tue, Mar 03 2009. 05 34 PM IST
More Topics: GMR Infra | GMR | Stake | India | BSE |