GMR Infrastructure Limited puts stake sale in GMR Kamalanga Energy Ltd on hold

GMR Infrastructure Limited has announced that the transaction pertaining to the divestment of GMR Energy Limited's entire stake in GMR Kamalanga Energy Limited to JSW Energy Limited has been put on hold due to the outbreak of the pandemic Covid-19 and nationwide lock down and will be revisited once the situation normalizes.

Even in these hard times with demand falling across India, the pithead plant of GMR Kamalanga Energy Limited is fully operational and the Government announcing series of reforms along with INR 90,000 crore package to Discoms for easing liquidity, is a step in the right direction for power sector.

Shares of GMR INFRASTRUCTURE LTD. was last trading in BSE at Rs.17.3 as compared to the previous close of Rs. 17.2. The total number of shares traded during the day was 184102 in over 377 trades.

The stock hit an intraday high of Rs. 17.45 and intraday low of 17. The net turnover during the day was Rs. 3163434.

Source : Equity Bulls

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