"Special Resolution pursuant to Section 186 of the Companies Act, 2013 to invest/acquire by way of purchase or otherwise up to 20 per cent of the equity shares of Gammon Infrastructure Projects Limited from its wholly-owned subsidiary Gammon Power Limited.
Gammon India members passed a special resolution "to invest/acquire by way of purchase or otherwise upto 20 per cent of the equity shares of Gammon Infrastructure Projects Limited from its wholly owned subsidiary Gammon Power Limited," it said in a regulatory filing.
Gammon India shares closed at Rs 10.12 apiece on BSE, up 0.40 per cent from the previous close.
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