Tuesday, 28 January 2014

GMR Infrastructure surges on getting nod to raise up to Rs 2,500 crore

GMR Infrastructure has received an approval for raising of funds through issue of Foreign Currency Convertible Bonds and / or other securities up to an amount of Rs 2,500 crore through follow on offer, further public offer and / or private placement etc. The board of directors at its meeting held on January 24, 2014 has approved for the same.

GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. The company has 14 power generation assets of which 8 are operational and 6 are under various stages of development and 8 Road assets, of which 7 are operational and one is under construction.

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