Gammon India pares stake in Gammon Infrastructure Projects
Gammon Infrastructure Projects ceases to be a subsidiary of Gammon India
Gammon India announced that ursuant to the sale of shares of Gammon Infrastructure Projects ('GIPL') by Gammon Power and Gactel Turnkey Projects (wholly owned subsidiaries of the Company) in various tranches in the open market, the Company currently holds less than 51% of shareholding in GIPL.Pursuant to this sale of shares, GIPL ceases to be a subsidiary of Gammon India.
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First Published: Sep 07 2017 | 5:04 PM IST