GMR Infrastructure shares in red after clean chit in Maldives

MUMBAI: Shares of GMR Infrastructure were down on profit booking even as it got reprieve from Maldives' anti-corruption commission.

The Bangalore-based company was forced to hand over the Male airport to the Maldives government on corruption charges. The Anti-Corruption Commission of Maldives has said that there was no corruption involved in leasing of Ibrahim Nasir International Airport to GMR.

The investigation report on the leasing of Maldives airport to GMR states that there is a concrete record on the concession agreement signed between the Nasir Ali government, GMR consortium and Maldives Airports Company.

At 10:05 a.m.; the stock was at Rs 20.05, down 0.99 per cent, on the BSE. It had touched a high of Rs 20.55 and a low of Rs 19.95 in trade today.