Gammon India Ltd has informed BSE that the Company through its offshore subsidiaries has acquired shares in the following overseas Companies through additional infusion of equity:

(i) 50% shares of Sadelmi S.p.a. having its registered office at Via A Falck n. 4/16 - 20099 Sesto San Giovanni (Milan), Italy, a Company engaged in balance of plant mainly for the power sector.

(ii) 75.1% shares of Franco Tosi Meccanica S.p.a. having its registered office at Piazza del Monumento n. 12, Legnano - Milan, Italy, a Company engaged in the manufacture of steam turbines for thermal and hydro-electric plants.