Gammon India subsidiary Gammon Infrastructure Projects files DRHP with SEBI

Gammon India Ltd has announced that Gammon Infrastructure Projects Ltd (GIPL), a Subsidiary of the Company, has submitted the Draft Red Herring Prospectus (DRHP) with the Securities Exchange Board of India (SEBI) for its 'Initial Public Offer' of 16,550,000 equity shares, comprising a net issue of 14,895,000 equity shares to the public and a reservation of 1,655,000 equity shares for eligible employees.

The stock closed the day at Rs.465.60, up by Rs.2.80 or 0.61%. The stock hit an intraday high of Rs.475 and low of Rs.441.

The total traded quantity was 169736 compared to 2 week average of 97969.

Source : Equity Bulls

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