Gam­mon Seeks Nod to Ac­quire up to 20% in GIPL

The Economic Times - - Companies: Pursuit Of Profit -

Gam­mon In­dia has sought share­hold­ers' nod to ac­quire up to 20% stake in group firm Gam­mon In­fra­struc­ture Projects (GIPL) as part of re­jig­ging the share­hold­ing pat­tern in the sub­sidiary. These shares are to be pur­chased from Gam­mon Power, a wholly-owned sub­sidiary of Gam­mon In­dia. Be­sides, there is plan to sell Gam­mon Power's en­tire stake in Gam­mon In­fra­struc­ture Projects.

NEW DELHI

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