GPT Infraprojects shines on incorporating subsidiary company in Republic of Ghana

GPT Infraprojects is currently trading at Rs. 85.70, up by 0.85 points or 1.00% from its previous closing of Rs. 84.85 on the BSE.

GPT Infraprojects
GPT Infraprojects

The scrip opened at Rs. 92.00 and has touched a high and low of Rs. 92.00 and Rs. 84.55 respectively. So far 735 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 112.05 on 28-Apr-2022 and a 52 week low of Rs. 56.00 on 18-Jun-2021.

Last one week high and low of the scrip stood at Rs. 99.65 and Rs. 81.80 respectively. The current market cap of the company is Rs. 249.27 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 2.37% and 22.63% respectively.

GPT Infraprojects has incorporated a new subsidiary namely ‘RMS GPT Ghana’ at Republic of Ghana for manufacture of concrete sleepers.

The company will hold 60% stake in RMS GPT Ghana and in this regard the company has subscribed to euro 6 lakh equity shares and euro 3,250,000 Redeemable Preference Shares.

The indicative time period for completion of the acquisition is 6 month.

GPT Infraprojects, the flagship company of the GPT Group is a premier Infrastructure company based out of Kolkata, India.

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