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GMR to sell 30% stake in GMR Energy; stock reacts

GMR Infrastructure touched an intraday high of Rs 27.95 and an intraday low of Rs 27.40. At 09:22 hrs the share was quoting at Rs 27.55, up Rs 0.65, or 2.42%.

September 27, 2011 / 09:48 IST
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GMR Infrastructure touched an intraday high of Rs 27.95 and an intraday low of Rs 27.40. At 09:22 hrs the share was quoting at Rs 27.55, up Rs 0.65, or 2.42%.


The company is going to sell 30% stake in GMR Energy to Petronas International. GMR Energy is a GMR's Singapore-based wholly-owned subsidiary. The stake sale is subject to approval of lenders, reports CNBC-TV18.


The company has bagged Kishangarh-Ahmedabad mega highway contract of 555 km, reports CNBC-TV18.
 
It was trading with volumes of 90,967 shares. In the previous trading session, the share closed down 5.11% or Rs 1.45 at Rs 26.90.

Share Price Movement During The Last 12 Months
PeriodPriceLatest PriceGain/Loss (Rs.)% Gain/Loss
3-Days28.4027.55-0.85-2.99
5-Days29.7527.55-2.20-7.39
7-Days28.8027.55-1.25-4.34
15-Days27.6527.55-0.10-0.36
1-Month26.3527.551.204.55
3-Month31.7027.55-4.15-13.09
6-Month37.8527.55-10.30-27.21
9-Month45.1027.55-17.55-38.91
1-Year58.2527.55-30.70-52.70

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first published: Sep 27, 2011 09:23 am

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