Gammon Infra rises 15%, increases stake in Indira Container Terminal
Friday, April 7, 2017, 11:34 AM
Shares of Gammon Infrastructure Projects surged more than 15% intraday Friday as it has increased its stake in Indira Container Terminal (ICTPL). The company through amendment agreement has acquired additional 24% stake in ICTPL from Noatum Ports. Post the acquisition, ICTPL has become subsidiary of company with increased shareholding from 50% to 74% in the paid up equity share capital if ICTPL.