GMR Infrastructure approves fund raising proposal

The Board of Directors of GMR Infrastructure Ltd at its meeting held on January 24, 2014, has accorded approval for raising of funds through issue of Foreign Currency Convertible Bonds and / or other securities upto an amount of Rs. 2,500 Crore through follow on offer, further public offer and / or private placement etc.

Shares of GMR Infrastructure Ltd was last trading in BSE at Rs.23, down by Rs.0.45 or 1.92%. The stock hit an intraday high of Rs.23.35 and intraday low of Rs.22.65.

The total traded quantity was 2.73 lakh shares as compared to 2 week average of 3.73 lakh shares.

Source : Equity Bulls

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