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Home News Gammon Infra rises 15%, increases stake in Indira Container Terminal

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Gammon Infra rises 15%, increases stake in Indira Container Terminal

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.
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