Shares of GMR Airports Infrastructure Ltd. hit a lifetime high on Monday after Rajiv Jain-backed GQG Partners bought 4.7% stake in the company for Rs 1,671 crore, following divestment by two key investors.
GMR Airports Infra share price: The stock surged 13.80 per cent to hit a 52-week high of Rs 70.17. At this price, the scrip has gained 94.92 per cent from its one-year low of Rs 36, a level seen earlier on January 27 this year.
GMR Airports Infrastructure Ltd Q1 FY24 consolidated net profit at Rs. 29.80 crores equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
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Despite losing the bids to operate six airports of the Airports Authority of India under PPP, GMR is expected to continue to pursue growth aggressively while maintaining a conservative balance sheet
GMR Airports Infrastructure Limited has announced the approval by its Board, of the Composite Scheme of Amalgamation and Arrangement of GMR Airports Limited.