Diversified group GMR Infrastructure’s key promoter GMR Holdings has pledged 16.8 crore shares or about 3.85 per cent stake in the company.
These shares, pledged on March 30, 2015 are worth over Rs 264.6 crore, based on the scrip’s closing price of Rs 15.75 yesterday.
In a regulatory filing, GMR Infrastructure said these shares have been pledged with ECL Finance Ltd.
Post the pledging of these shares, GMR Holdings’ total stake that is encumbered is little over 56 per cent.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.