GMR Infra soars over 5 per cent up on BSE
GMR Infrastructure today rose over 5 per cent higher in the morning trade on the Bombay Stock Exchange (BSE), a day after it won the expansion and management contract from the Male International Airport.
By PTI |
MUMBAI: GMR Infrastructure today rose over 5 per cent higher in the morning trade on the Bombay Stock Exchange (BSE), a day after it won the expansion and management contract from the Male International Airport.
Shares of GMR Infrastructure spiked 5.54 per cent to a high of Rs 60 on the BSE.
According to reports from the Maldives, the company offered almost 1 billion rufiyaa (USD 78 million) upfront to win the contract.
On the National Stock Exchange, the scrip went up 3.51 per cent to a high of Rs 58.85.
The report added that GMR proposed to pay USS 78 million upfront, 1 per cent of the total profit in the first year (until 2014) and 10 per cent of the profit from 2015 to 2035.
Shares of GMR Infrastructure spiked 5.54 per cent to a high of Rs 60 on the BSE.
According to reports from the Maldives, the company offered almost 1 billion rufiyaa (USD 78 million) upfront to win the contract.
On the National Stock Exchange, the scrip went up 3.51 per cent to a high of Rs 58.85.
The report added that GMR proposed to pay USS 78 million upfront, 1 per cent of the total profit in the first year (until 2014) and 10 per cent of the profit from 2015 to 2035.
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