Mumbai Airport enters into a Slum Rehabilitation Agreement with HDIL: GVK Infra

India Infoline News Service | Mumbai | September 19, 201614:14 IST

GVK Power & Infrastructure Ltd is currently trading at Rs. 6.93, up by Rs. 0.42 or 6.45% from its previous closing of Rs. 6.51 on the BSE.

GVK Power & Infrastructure Ltd is currently trading at Rs. 6.93, up by Rs. 0.42 or 6.45% from its previous closing of Rs. 6.51 on the BSE.

Mumbai International Airport Private Limited (MIAL), a subsidiary of GVK Power Infrastructure & Ltd Company entered into a Slum Rehabilitation Agreement with Housing Development & Infrastructure Limited for implementation of the slum rehabilitation project at Chhatrapati Shivaji International Airport in a time bound manner for the consideration and on the terms and conditions contained therein. Due to disputes between the MIAL and HDIL (Parties), the agreement was terminated by MIAL on 06-02-2013.

The scrip opened at Rs. 6.5 and has touched a high and low of Rs. 7.22 and Rs. 6.43 respectively. So far 14354228(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1028.06 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 9.77 on 24-Nov-2015 and a 52 week low of Rs. 4.13 on 06-Jun-2016. Last one week high and low of the scrip stood at Rs. 6.94 and Rs. 6.23 respectively.

The promoters holding in the company stood at 54.25 % while Institutions and Non-Institutions held 8.76 % and 36.99 % respectively.

The stock is currently trading above its 200 DMA.

***Note: This is a NSE Chart

 

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