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.


  • Despite challenges, India’s target of 33-35% reduction of carbon emission can be achieved

    There are responsibilities which go with being a global power and there is no issue bigger than environment where a country has to demonstrate it mean


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Tushar Gandhi

Will Digital India feed the starving?

For the past few days, Digital India has become as ...

Purnendu Ghosh

Spending time in a fictional world

Our world consists of both fiction and non-fiction. Our reaction ...

Shona Adhikari

Tapestries have become the talk of the town

Bringing various forms of art together in festivals, is what ...


William D. Green

Chairman & CEO, Accenture