GMR Holdings hikes stake to 74.84 % in GMR Industries

GMR Holdings has hiked its stake in GMR Industries, the flagship company of the GMR Group, to 74.84 per cent after purchasing shares through open market transaction.     

GMR Industries in a filing to the Bombay Stock Exchange said that one of its promoters has purchased 2.77 lakh shares representing 1.39 per cent stake in the company.     

Prior to the transaction, GMR Holdings held 73.45 per cent stake while now it holds 74.84 per cent or 1.49 crore shares of GMR Industries.      

Shares of GMR Industries closed at Rs 84.90, down 4.61 per cent on the BSE.