Gammon Infrastructure Projects approves QIP for upto Rs. 500 crore

The Board of Directors of Gammon Infrastructure Projects Ltd at its meeting held on June 20, 2014, has approved, subject to the approval of Shareholders, a Qualified Institutional Placement Issue of equity shares or equity linked instrument upto Rs. 500 crores.

Shares of GAMMON INFRASTRUCTURE PROJECTS LTD. was last trading in BSE at Rs.13.56 as compared to the previous close of Rs. 13.8. The total number of shares traded during the day was 60804 in over 232 trades.

The stock hit an intraday high of Rs. 13.99 and intraday low of 13.3. The net turnover during the day was Rs. 828136.

Source : Equity Bulls

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