GMR Infrastructure subsidiary DIAL forms 'Delhi Aerotropolis Pvt Ltd'

GMR Infrastructure Ltd has announced that Delhi International Airport Ltd (DIAL), a subsidiary of the Company, has incorporated a Company named as 'Delhi Aerotropolis Pvt Ltd' on May 22, 2007 as its 100% subsidiary, for commercial property development.

By virtue of Section 4(1)(c) of the Companies Act, 1956 the Delhi Aerotropolis Pvt Ltd has also become the subsidiary of the Company.

The stock closed the day at Rs.495.90, down by Rs.17.55 or 3.42%. The stock hit an intraday high of Rs.515 and low of Rs.492. The total traded quantity was 418310 compared to 2 week average of 321657.

Source : Equity Bulls

Keywords