2 Financial Institutions release 13.5 cr pledged shares of GMR Infra

By: |
New Delhi | Published: April 11, 2015 7:47:22 PM

Two financial institutions have released 13.5 crore shares of diversified GMR Infrastructure that were pledged by the company's promoter GMR Holdings...

Financial Institutions, GMR Infrastructure, GMR Infrastructure promoter GMR Holding, JM Financial Products, SICOM Ltd, Release of shares, Release of Shares of Diversified GMR Infrastructure, Market NewsTwo financial institutions have released 13.5 crore shares of diversified GMR Infrastructure that were pledged by the company’s promoter GMR Holdings. (Reuters)

Two financial institutions have released 13.5 crore shares of diversified GMR Infrastructure that were pledged by the company’s promoter GMR Holdings.

Around 7.45 crore shares were released by JM Financial Products on April 9 and 6 crore shares were released by SICOM Ltd on April 10, GMR Infrastructure said in a regulatory filing.

The 13.5 crore shares that were released translated into 3.08 per cent stake.

The value of 7.45 crore shares based on April 10 closing price of Rs 18.80 apiece, is estimated at Rs 140.06 crore.

While 6 crore shares based on April 9 closing price of Rs 17.30, are worth Rs 103.8 crore.

For Updates Check Market News; follow us on Facebook and Twitter

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.