GMR Infrastructure to raise upto Rs 1000 crore

GMR Infrastructure Ltd has announced that the Board of Directors of the Company at its meeting held on October 26, 2009, inter alia, has accorded approval to raise funds upto Rs. 1000 Crore through issue of Preference Shares and consequent alteration of Capital Clause of Memorandum of Association of the Company, subject to the approval of the Shareholders.

The stock was trading at Rs.66.50, down by Rs.2.65 or 3.83%. The stock hit an intraday high of Rs.69 and low of Rs.64.

The total traded quantity was 449514 compared to 2 week average of 1421652.

Source : Equity Bulls

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