Promoters intend to utilise the said funding of Rs. 1250 Crore for subscribing to the proposed Rights Issue of the Company. This amount represents about 89.17% of the size of the Rights Issue.
GMR Infrastructure Ltd has announced that GMR Holdings Private Limited (Promoter Holding Company) has informed GMR Infrastructure Limited (the Company) that it has completed necessary financing arrangements to the extent of Rs. 1250 Crore, out of which Rs. 1130 Crore has already been drawn.
Promoters intend to utilise the said funding of Rs. 1250 Crore for subscribing to the proposed Rights Issue of the Company. This amount represents about 89.17% of the size of the Rights Issue.
The stock was up 1% at Rs 15.35.
The stock has hit a high of Rs 15.50 and a low of Rs 15.30.
No comments:
Post a Comment