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Preeti Townships ceases to be step down subsidiary of Gammon India

Gammon India’s step down subsidiary — Preeti Townships — has ceased to be the company’s step down subsidiary pursuant to sale of its stake by Gammon Realty (the company’s subsidiary). The consideration received from such sale/ disposal is Rs 32.15 crore.

Gammon India is engaged in construction of buildings, civil engineering, construction of utility projects, and specialized construction activities.

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