GMR Airports International BV (GAIBV), a step-down subsidiary of GMR Infra, will sell its stake in Mactan Cebu International Airport, the second busiest airport in the Philippines.
The Sensex and Nifty are set to open lower on Friday, following weak cues from global peers and negative trends on the SGX Nifty futures.
Shares of PNC Infratech gained as much as 7.75% intraday, followed by IRB Infra, KNR Constructions, NCC, GMR Infra, L&T, and NBCC (India), among others.
The biggest reduction in debt came from companies trying to avoid the noose of bankruptcy proceedings,while oil companies cashed in on falling crude oil prices to reduce their burden.
