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Gammon India acquires 84.16% Metropolitan Infrahousing stake

Gammon India said it has successfully acquired an 84.16 per cent stake in Metropolitan Infrahousing.

Written by Agencies | New Delhi | Published: November 26, 2010 9:31:24 pm

Engineering and construction firm Gammon India said it has successfully acquired an 84.16 per cent stake in Metropolitan Infrahousing Private Ltd.

Consequently,Metropolitan Infrahousing is now a subsidiary of Gammon India,the company said in a filing to the Bombay Stock Exchange.

The company,however,did not disclose the price at which it acquired the Metropolitan Infrahousing shares.

Recently,the company received a Rs 310 crore order for supply of steam turbines and boilers for the Nagai power plant.

Shares of the company closed at Rs 161.10 apiece on the Bombay Stock Exchange today,down 4.53 per cent from the previous close.

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