GMR Infrastructure is currently trading at Rs. 31.55, up by 0.40 points or 1.28% from its previous closing of Rs. 31.15 on the BSE.
GMR Infrastructure has raised Rs 1,500 crore through qualified institutional placement (QIP). The company launched the QIP on July 2, 2014, which saw active investors interest from globally renowned players.
Moreover, the QIP saw high interest and attracted total investments worth Rs 2,300 crore almost double the required sum. GMR had initiated the process to raise Rs 1,200 crore but finally went ahead and closed the issue at Rs 1,500 crore.
The average price was Rs 31.50 per share and blue-chip investors including GIC of Singapore and funds managed by George Soros participated in the QIP. The investors will be getting around 9% through this issue in GMR Infrastructure.
GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. It has successfully employed the public-private partnership model to build a portfolio of high quality assets.
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