Jun 12, 2012 02:42 PM IST | Source: Moneycontrol.com

GMR Infra up 4% on likely stake sale in Delhi Daredevils

GMR Infrastructure shot up 4% on reports that GMR is considering options to unlock value in IPL team Delhi Daredevils.

GMR Infra up 4% on likely stake sale in Delhi Daredevils

GMR Infrastructure shot up 4% on reports that GMR is considering options to unlock value in IPL team Delhi Daredevils.

CNBC-TV18 reported quoting sources that GMR group sounds out bankers to unlock value in Delhi Daredevils and it seeks valuation of USD 200-250 million for the same.

Sources say, GMR may explore part sale to unlock value if it gets right valuation

GMR Group had bought Delhi Daredevils for USD 84 million. However, the group said it was not in talks to sell stake in Delhi Daredevils.

At 14:32 hours IST, the share was trading at Rs 22.45, up 3.94% with volumes of 12,88,346 shares.
 
Market capitalisation of the company currently stands at Rs 8,738.52 crore.

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