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ICICI Bank acquires nearly 18% stake in Gammon Infrastructure

Press Trust of India  |  New Delhi 

has acquired nearly 18 per cent stake in Gammon Infrastructure Projects through invocation of pledged shares.

"Ltd (India) has acquired 168,999,900 shares of through pledge invocation. Accordingly, at May 14 2018 the total equity shareholding of the Bank stands at 17.94 per cent," Gammon Infrastructure Projects said in a BSE filing today.

Prior to acquisition, the Ltd (India)'s holding in the Gammon Infrastructure Projects was nil, the filing added.

Gammon Infrastructure Projects Limited (GIPL) is an infrastructure project development company incorporated by Ltd to participate in the development of infrastructure projects on a public private partnership basis.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 15 2018. 19:50 IST