Gammon Infrastructure Projects Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 19, 2011, inter alia, has :
1. Deferred consideration of issue of preference shares to Gammon India Limited:
2. approved the proposal of Rights Issue upto an amount of Rs. 200 crores, subject to the terms being finalized with Merchant Bankers;
3. decided to pass over the dividend:
4. Appointed Mr. R. K. Malhotra as Whole Time Director w.e.f. April 01, 2011 and re-designated Mr. Himanshu Parikh as Vice Chairman on relinquishment of executive functions w.e.f. April 01. 2011,
Sensex
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Thursday, May 19, 2011
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