GMR Infra to raise Rs. 2500 crores through equity, Rs. 450 crores through OCDs

The Board of Directors of GMR Infrastructure Ltd at their meeting held on August 14 , 2018 (concluded at 06.00 P.M.) have approved the fund raising proposals and recommended for shareholders assent.

The board approved raising of funds, up to Rs.2,500 Crore in one or more tranche(s), through issue of equity shares or equity linked instruments, debentures or any other securities as an enabling resolution as per the requirements of applicable laws and raising of funds, up to Rs.450 Crore in one or more tranche(s), through issue of optionally convertible debentures (OCDs) under Section 62 (3) of the Companies Act, 2013.

Shares of GMR INFRASTRUCTURE LTD. was last trading in BSE at Rs.17.8 as compared to the previous close of Rs. 17.7. The total number of shares traded during the day was 488662 in over 934 trades.

The stock hit an intraday high of Rs. 17.95 and intraday low of 17.7. The net turnover during the day was Rs. 8705698.

Source : Equity Bulls

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