GMR Infra Promoters Pledge 19.13% Stake

GMR Infra Promoters Pledge 19.13% Stake
New Delhi: GMR Infrastructure on Tuesday said three of its promoters have pledged a 19.13 per cent stake in the firm in a series of transactions in the last week of April.

In separate BSE filings, GMR Infrastructure said its promoters - GMR Holdings, GMR Business & Consultancy and GMR Enterprises - have pledged a total 19.13 per cent stake in the firm with IL&FS Trust Company Ltd and IDBI Trusteeship Services Ltd.

GMR Infrastructure's parent company GMR Holdings pledged a total of 5.23 per cent stake in the firm with IL&FS Trust Company on April 28 and April 30. GMR Holdings held a 51.97 per cent stake in the firm as on April 18, it added.

In a separate filing, GMR Infrastructure said GMR Business and Consultancy LLP pledged a total of 13.52 per cent stake in the company in a series of transactions from April 27 to April 29 with IDBI Trusteeship Services and IL&FS Trust Company.

GMR Business and Consultancy holds a 14.64 per cent stake in GMR Infrastructure as of April 18, 2015.

Another promoter firm GMR Enterprises Pvt Ltd pledged a 0.38 per cent stake in GMR Enterprises with IL&FS Trust Company on April 30. GMR Enterprises held a 0.44 per cent stake in the firm as of April 18, another filing noted.

On Monday, GMR Infrastructure had informed the BSE that GMR Holdings pledged a 14.41 per cent stake in the company with IL&FS Trust Company (ITCL).

Shares in GMR Infrastructure, on Tuesday, ended 2.82 per cent lower at Rs 15.48 apiece on the BSE.
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