Derivatives market update for Sept 06: The Nifty PCR dipped from 0.74, while Bank Nifty to 0.78; reflecting a cautionary trend said Dhupesh Dhameja of SAMCO Securities. Max Financial see short buildup
Four entities on Friday pared 11.7 per cent stake in GMR Airports Infrastructure for Rs 4,136 crore through open market transactions. According to the bulk deal data available with the BSE, A/D Investors Fund LP, ASN Investments Ltd, Varanium India Opportunity Fund and Deccan Value Investors Fund LP offloaded more than 70.99 crore shares, amounting to 11.75 per cent stake in GMR Airports Infrastructure. The shares were sold in the price range of Rs 58.20-58.47 apiece, taking the combined transaction value to Rs 4,135.84 crore. Varanium India Opportunity Ltd, ASN Investments and A/D Investors Fund LP offloaded their entire stakes and exited the firm, while Deccan Value Investors Fund LP shareholding reduced stake to 0.96 per cent from 1.89 per cent. Meanwhile, Rajiv Jain-backed GQG Partners bought 28.28 crore shares, amounting to a 4.7 per cent stake in GMR Airports Infrastructure. The shares were acquired at an average price of Rs 59.09 per piece, taking the transaction value to R
IDEMIA has already equipped over 250 airports across the globe with biometric and facial recognition technologies, including Singapore's Changi Airport
Current fair value of Rs 48-Rs 50 indicates room for upside
Loans would be repaid progressively over 15 years, giving the company additional time of about seven years to extinguish the liability
Group power company to raise Rs 3,000 cr separately
DVI Fund Mauritius Ltd, a public shareholder of GMR Infrastructure, on Thursday divested 3.3 per cent stake in the airports handling company for Rs 720 crore through an open market transaction. The shares were picked up by C/D Investors Fund LP, A/D Investors Fund LP, DVG 1740 Fund LP, Veda Investors Fund LP, H/D Investors Fund LP, Deccan Value Investors BPI Fund LP and Deccan Value Investors Fund LP, block deal data with the BSE showed. According to the data, DVI Fund Mauritius sold a total of 19,84,17,768 shares, amounting to 3.28 per cent stake in the company. The shares were offloaded at an average price of Rs 36.3 apiece, taking the transaction size to Rs 720 crore. As on March 2022, DVI Fund Mauritius Ltd held 7.76 per cent stake in the company, shareholding data with the exchange showed. Shares of GMR Infrastructure closed 0.55 per cent higher at Rs 36.50 on BSE. In a separate block deal, Deccan Value Advisors Fund IV sold 5.1 crore shares worth Rs 112 crore of GMR Power a
GMR Infrastructure Ltd (GIL) has started trading at the stock exchanges as a pure-play airport sector company from Tuesday onwards, according to a statement.
The stock was trading at its highest level since December 2010.
Data Patterns is likely to witness a bumper listing, with Grey Market Premium (GMP) indicating a likely 45-50 per cent premium to its issue price.
Bharti Airtel has hiked tariff on pre-paid plans by 20-25 per cent.
Diversified conglomerate GMR Infrastucture has posted a consolidated loss of Rs 725 crore for the January to March quarter as compared to a loss of Rs 1,127 crore in the year-ago period
The company has signed definitive agreements for the sale of equity owned by its wholly owned subsidiary GMR SEZ and Port Holding of its entire 51 per cent stake in Kakinada SEZ to Aurobindo Realty
The stake sale is valued at Rs 2610 crore, of which Rs1,600 crores would be received on the closing date and balance Rs 1,010 crore would be received in the next two to three years
Revenues from the Airports segment stood at Rs 494 crore in the first quarter against Rs 1460 crore in the April-June quarter of FY20
As per the document, 4,650 acres area there has been notified as SEZs and utility and environment approvals are in place
All that happened in the markets today
The group would develop, maintain and operate the airport for 40 years, extendable by another 20 years via international competitive bidding
On February 21, it was announced that Groupe ADP would acquire 49 per cent stake in GMR Airports for Rs 10,780 crore
The diversified group had earlier announced offloading 44.44 per cent shareholding in the airport business