Gammon India allots 20116226 Shares pursuant to Scheme of Amalgamation

Gammon India Ltd has announced that pursuant to the Scheme of Amalgamation of Associated Transrail Structures Ltd (ATSL) ('The Transferor Company') with Gammon India Ltd (GIL) ('The Transferee Company'), the Company on September 09, 2009 has issued and allotted 2,01,16,226 fully paid up Equity Shares of Rs. 2/- each to the shareholders of the erstwhile ATSL as on the record date, i.e. September 03, 2009 in the ratio of 2:1 equity shares i.e. 2 (two) equity shares of Rs. 2/- each fully paid up of Gammon India Ltd for every 1 (one) equity share of Rs. 10/- each fully paid up of Associated Transrail Structures Ltd.

The Gammon India stock was trading at Rs.170, down by Rs.1.45 or 0.85%. The stock hit an intraday high of Rs.174.90 and low of Rs.169.30.

The total traded quantity was 27686 compared to 2 week average of 62442.

Source : Equity Bulls

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