/ Gayatri Projects Bullish: Acquires Gayatri Infra Ventures ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 30 May 2017

Gayatri Projects soared nearly 3% on BSE at the first half of trade after the company has acquired Gayatri Infra Ventures Ltd from AMP Capital Mauritius Ltd.

Gayatri Projects has acquired 5,20,833 equity shares of Gayatri Infra Ventures Ltd from AMP Capital Mauritius Ltd making the company the wholly owned subsidiary of Gayatri Projects.

The board of directors of the company in today’s session has recommended a dividend of Rs 0.50 per equity share on face value of Rs 2 each on paid-up capital of the company, subject to the approval of the shareholders in the AGM.

On yearly basis, the stock has outperformed BSE Smallcap index.

The construction and engineering company focuses on road projects, industrial projects and power projects. The company is involved in executing civil works including roads, canals, airport runways, ports etc.    

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