Board of Gammon India approves further investment in Gammon Power
At meeting held on 31 March 2016
Gammon India announced that the Board of Directors of the Company at its meeting held on 31 March 2016 approved further investment in its wholly owned subsidiary Gammon Power ("GPL") by subscribing upto 2.25 crore equity shares of Rs. 10/- each at a price of Rs. 300/- per equity share (including a premium of Rs. 290/- per equity share) aggregating upto Rs. 675 crore (Rupees Six hundred and seventy five crores) to be issued by GPL on conversion of loan due and outstanding from GPL to the Company.Powered by Capital Market - Live News