GMR Infrastructure Ltd allots 11366704 CCPS

The Management Committee of the Board of Directors of GMR Infrastructure Ltd at its meeting held on March 26, 2014 has allotted of 11366704 Compulsorily Convertible Preference Shares of face value Rs. 1000/- each comprising of (A) 5,683,351 Compulsorily Convertible Preference Shares of face value Rs. 1000/- each carrying a coupon of 0.001% per annum and having a term of 17 months from the date of allotment ("Series A CCPS"), each fully paid up, and (B) 5,683,353 Compulsorily Convertible Preference Shares of face value Rs. 1000/- each carrying a coupon of 0.001% per annum and having a term of 18 months from the date of allotment ("Series B CCPS"), each fully paid up by way of preferential allotment.

Shares of GMR INFRASTRUCTURE LTD. was last trading in BSE at Rs.21.7 as compared to the previous close of Rs. 21.7. The total number of shares traded during the day was 945507 in over 1079 trades.

The stock hit an intraday high of Rs. 22.3 and intraday low of 21.5. The net turnover during the day was Rs. 20573112.

Source : Equity Bulls

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