Gammon Infrastructure Projects Ltd closes QIP issue on September 4, 2014

Pursuant to the board and shareholders resolution dated June 20, 2014 and July 15, 2014 respectively, QIP Committee of Directors of Gammon Infrastructure Projects Ltd at its meeting held on September 04, 2014, has approved the closure of the QIP on September 04,2014.

The committee approved the determining of the issue price of Rs.12.68/- per Equity Share and approved and adopted the placement document dated September 04, 2014, in connection with the QIP.

Shares of GAMMON INFRASTRUCTURE PROJECTS LTD. was last trading in BSE at Rs.13.9 as compared to the previous close of Rs. 14.62. The total number of shares traded during the day was 190370 in over 1202 trades.

The stock hit an intraday high of Rs. 14.85 and intraday low of 13.9. The net turnover during the day was Rs. 2731266.

Source : Equity Bulls

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