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01 Apr 2016 | |
Gammon India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 31, 2016, at shorter notice, which commenced at 9.00 am and concluded at 9.35 am, approved further investment in its wholly owned subsidiary Gammon Power Limited ("GPL") by subscribing upto 2.25 crore equity shares of Rs. 10/- each at a price of Rs. 300/- per equity share (including a premium of Rs. 290/- per equity share) aggregating upto Rs. 675 crores (Rupees Six hundred and seventy five crores) to be issued by GPL on conversion of loan due and outstanding from GPL to the Company. | |
View all announcements for GAMMON INDIA LTD. | Source: BSE India |