Gammon India Ltd. said it has acquired a 75.1 percent stake in steam turbine maker, Franco Tosi Meccanica Spa. for 40 million euros.
In a regulatory filing, the company also said it has bought 50 percent in power sector services firm, Sadelmi Spa., for 7.5 million euros.
SCI shares closed up 3.12 percent at 390 rupees on the Bombay Stock Exchange, and the benchmark Sensex closed up 1.99 percent at 15,185.32 points. (Forbes)