Infrastructure Sector

Gammon Infrastructure slips 5% on listing day

Shares of the Mumbai-based, Gammon Infrastructure Project Limited (GIPL), got listed today at a premium of 7.78%, or at Rs 180 as against its issue price of Rs 167 a share on the Bombay Stock exchange (BSE).

The company had entered capital market with its initial public offering (IPO) of 1,65,50,000 equity shares of par value Rs 10 each. The issue had subscribed 3.48 times.

GIPL undertakes and develops projects such as roads, bridges, ports, hydroelectric power and biomass power projects on a PPP basis. GIPL also provides O&M and project advisory services for projects which are being undertaken by the project specific companies.

SREI Infra, BNP Paribas JV commences operation

SREI Infrastructure Finance Ltd has informed that the joint venture between company and BNP Paribas Lease Group has started its operations from today.

SREI had entered into an agreement with BNP Paribas Lease Group, a 100% BNP Paribas subsidiary focused on equipment financing-related services, wherein the asset finance division of SREI is brought into the newly formed joint venture.

BNP Paribas Lease Group brings to the joint venture specialized equipment finance skills and experience combined with the global strength of BNP Paribas.

Furthermore, this partnership is also expected to result in a reduction in the cost of funding the operations. The JV has received all necessary legal and statutory clearances.

Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate

Syndicate content