HDFC Mutual Fund hikes stake in Gammon India to 6.31pc

Tags: News
HDFC Mutual Fund has bought more than 85 lakh shares in Gammon India for Rs 23.35 crore taking its holding in the infrastructure firm to 6.31 per cent.

HDFC Mutual fund had 82,799 shares amounting to 0.06 per cent stake in the company before the transaction held on July 24 through open market on the BSE and NSE, Gammon India said in a regulatory filing today.

The fresh purchase of 85,30,764 shares aggregating 6.25 per cent stake was done at an average price of Rs 27.38 per share.

The company's promoters held 34.99 per cent stake in Gammon India as on June-end.

The company scrip closed at Rs 28, down 1.58 per cent, on the BSE.


  • Banking security breach reveals how vulnerable the system is

    Fear has gripped millions of Indians whose bank accounts have been compromised due to a massive security breach in the payments ecosystem linked with


Stay informed on our latest news!


Urs Schoettli

Just how useful are summits?

In the age of globalisation international summits play an increasingly ...

Zehra Naqvi

Of absolute truth & relative perception

Is there such a thing as absolute truth? Look around ...

Shona Adhikari

When art meets the artful

This week’s art news focuses on vastly different themes and ...