Friday, February 27, 2009

GMR Infra

Shares of GMR Infra gained by 4.5% to Rs78 after the company yesterday announced that GMR Energy, a subsidiary of GMR infrastructure acquired 100% stake in Barasentosa Lestari PT, an Indonesian coal mining company for US$80mn. The scrip touched an intra-day high of Rs79 and a low of Rs75 and recorded volumes of over 0.9mn shares on BSE.

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