{"id":62130,"date":"2016-04-01T11:33:30","date_gmt":"2016-04-01T11:33:30","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=62130"},"modified":"2016-04-01T11:33:30","modified_gmt":"2016-04-01T11:33:30","slug":"gammon-india-to-invest-up-to-rs-675-cr-in-gammon-power","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gammon-india-to-invest-up-to-rs-675-cr-in-gammon-power\/","title":{"rendered":"Gammon India to invest up to Rs 675 cr in Gammon Power"},"content":{"rendered":"<p>Construction and engineering major Gammon India today said it will make a further investment of up to Rs 675 crore in its subsidiary Gammon Power Ltd (GPL).<\/p>\n<p>&#8220;The Board of Directors has approved further investment in its wholly-owned subsidiary Gammon Power by subscribing up to 2.25 crore equity shares of Rs 10 each at a price of Rs 300 per equity share (including a premium of Rs 290 per equity share) aggregating up to Rs 675 crore to be issued by GPL on conversion of loan due and outstanding from GPL to the company,&#8221; Gammon India said in a BSE filing.<\/p>\n<p>Earlier, Gammon India had said its board will this week consider a proposal for investment in the company&#8217;s engineering procurement and construction business.<\/p>\n<p>Shares of Gammon India were trading 0.40% down, at Rs 12.41 apiece on the BSE.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Construction and engineering major Gammon India today said it will make a further investment of up to Rs 675 crore in its subsidiary Gammon Power Ltd (GPL). &#8220;The Board of Directors has approved further investment in its wholly-owned subsidiary Gammon Power by subscribing up to 2.25 crore equity shares of Rs 10 each at a price of Rs 300 per equity share (including a premium of Rs 290 per equity share) aggregating up to Rs 675 crore to be issued by GPL on conversion of loan due and outstanding from GPL to the company,&#8221; Gammon India said in a BSE [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-62130","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/62130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=62130"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/62130\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=62130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=62130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=62130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}