Gammon Realty Ltd becomes subsidiary of Gammon India Ltd

Gammon India Ltd has announced that Gammon Realty Ltd., (a Company incorporated to carry on the business of promoters, developers, builders and construction and / or maintenance contractors of residential premises, (including blocks, flats, apartments, bungalows, dwelling houses, row business, row houses, chawls, hutments) commercial and industrial premises etc.) has become a subsidiary of the Company with effect from March 28, 2007.

Shares of the company were trading down by Rs.2.65 or 0.91% at Rs.289 on volume of 167522 shares at a weighted average price of Rs.286.65. The 2 week average quantity was 33891 shares. The stock had hit an intraday high of Rs.295.95 and low of Rs.280.20.

Source : Equity Bulls

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