GMR Infrastructure allots 13019108 Shares to IDFC

GMR Infrastructure Ltd has announced that the Management Committee of the Board of Directors of the Company at its meeting held on June 19, 2009 has allotted 1,30,19,108 fully paid-up Equity Shares of Rs 2/- each to IDFC Infrastructure Fund - India Development Fund ('IDE') on preferential basis, consideration being (a) 4,68,00,000 equity shares of Rs 10 each fully paid up of the Delhi International Airport Pvt Ltd ('DIAL') held by IDF; and (b) the amount of Rs 48.75 Crore paid by IDF to DIAL as advance towards subscription of further equity shares of DIAL, at an Issue Price of Rs 115/- per Equity Share (including Rs 113 towards share premium).

Consequent upon the above said allotment, the issued capital of the Company increased to 1,83,36,77,196 equity shares of Rs 2/- each.

The stock closed on Friday at Rs.146.75, up by Rs.3.90 or 2.73%. The stock hit an intraday high of Rs.148.75 and low of Rs.142.

The total traded quantity was 1999615 compared to 2 week average of 3886832.

Source : Equity Bulls

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