GMR Infrastructure to raise Rs.2500 crores

The Board of Directors of GMR Infrastructure Ltd at its meeting held on August 09, 2012 has accorded approval for raising funds through issue of Equity Shares / GDRs / ADRs / FCCBs and / or other securities for an amount not exceeding Rs. 2,500 Crore through qualified institutional placement, follow on offer and / or private placement etc, subject to the approval of the Shareholders.

The GMR Infrastructure Ltd stock was trading at Rs.21.70, down by Rs.0.60 or 2.69%. The stock hit an intraday high of Rs.22.30 and low of Rs.21.05.

The total traded quantity was 3.55 lakhs compared to 2 week average of 7.58 lakhs.

Source : Equity Bulls

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