GMR Holdings has hiked its stake in GMR Infrastructure, a company it promotes, to 74.26 per cent after purchasing one lakh shares through an open-market transaction.
GMR Holdings has purchased one lakh shares, GMR Infra said in a filing to the Bombay Stock Exchange.
On February 26, the promoter purchased 55,000 shares and the next day it bought 45,000 shares, the filing added.
Calculated on the basis of closing prices on February 26 and 27, the purchased shares were valued Rs 78.58 lakh.
After the aforesaid purchase, the promoter group now holds over 135 crore shares representing 74.26 per cent stake in GMR Infra.
Shares of GMR Infra settled at Rs 75.30, down 0.59 per cent on the BSE.