Latest News | Gammon Infra Board Approves Proposal to Change Name of Company
Get latest articles and stories on Latest News at LatestLY. Gammon Infrastructure Projects on Wednesday said its board has approved a proposal to change the name of the company.
New Delhi, Aug 5 (PTI) Gammon Infrastructure Projects on Wednesday said its board has approved a proposal to change the name of the company.
"The Board of Directors of the Company, has at its meeting held on 4 August, 2020, approved for the change of name of the Company from 'Gammon Infrastructure Projects Limited' to 'Terrene Infrastructure Projects Limited' or 'Terraform Infra Projects Limited' or 'Vriddhi Infrastructure Projects Limited'," the company said in a regulatory filing.
Gammon said it is subject to approval of the shareholders, Ministry of Corporate Affairs and other statutory endorsements.
The company said the board has also given consent to enter into an Inter-Corporate Deposit (ICD) Agreement with Vizag Seaport Private Limited, a material subsidiary of the company, to repay ICD amount together with interest due thereon aggregating to Rs 138.64 crore on or before April 30, 2021.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)