GMR Infrastructure Ltd promoter company arranges funds for rights issue

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.

Shares of GMR INFRASTRUCTURE LTD. was last trading in BSE at Rs.15.55 as compared to the previous close of Rs. 15.3. The total number of shares traded during the day was 1860246 in over 2972 trades.

The stock hit an intraday high of Rs. 15.75 and intraday low of 15.15. The net turnover during the day was Rs. 28595849.

Source : Equity Bulls

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