Gammon India had a Board Meeting yesterday and the Board has decided to sell the balance 26.06% stake in Gammon Infra Projects.

Gammon India has been restructuring its nearly Rs.15,000 crore of debt through the corporate debt restructuring mechanism since September 2013.

The market is very happy with this news and the stock soared over 5.5% at Rs.13.50. Its 52-week high is at Rs.20.60 and low is at Rs.10.35.