Gammon India raises $87 mn through GDRs

Gammon India has raised over $87 million through the issue of Global Dipository Receipts (GDRs).

Construction company, Gammon India Ltd said on Saturday that it has raised over $87 million through the issue of Global Dipository Receipts (GDRs).

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The company issued 91,86,900 GDRs each represented by one equity share of the face value of Rs 2 and priced at $9.47, Gammon India informed the Bombay Stock Exchange.