GMR Holdings, one of the promoter group companies of GMR Infrastructure, has hiked its stake in the latter to 74.25 per cent after purchasing shares worth Rs 5.55 crore in open market transactions.
In a filing to the Bombay Stock Exchange, GMR Infrastructure said that the promoter and holding company, GMR Holdings, has bought 700,000 shares worth Rs 5.55 crore.
The parent company bought 500,000 shares at a cost of Rs 4.01 crore, based on the closing price on February 18 and 200,000 shares at Rs 1.53 crore (calculated on the closing price on February 24).
Further, consequent on the aforesaid acquisition of 700,000 shares, GMR Holdings now holds over 1.35 billion shares representing a 74.25 per cent stake in GMR Infrastructure.
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