GMR Holdings pledges 16.8 crore shares

Image
Press Trust of India New Delhi
Last Updated : Mar 31 2015 | 8:57 PM IST
Diversified group GMR Infrastructure's key promoter GMR Holdings has pledged 16.8 crore shares or about 3.85 per cent stake in the company.
These shares, pledged on March 30, are worth over Rs 264.6 crore, based on the scrip's closing price of Rs 15.75 yesterday.
In a regulatory filing, GMR Infrastructure said these shares have been pledged with ECL Finance Ltd.
Post the pledging of these shares, GMR Holdings' total stake that is encumbered is little over 56 per cent.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 31 2015 | 8:57 PM IST

Next Story