GMR Infrastructure to raise Rs 500 crore through NCD issue

GMR Infrastructure Ltd has announced that the Board of Directors of the Company at its meeting held on December 05, 2009, accorded approval to raise funds upto Rs. 500 Crore through issue of unsecured non-convertible debentures on private placement basis.

The stock was trading at Rs.70.05, down by Rs.2.45 or 3.38%. The stock hit an intraday high of Rs.74 and low of Rs.69.60.

The total traded quantity was 2974747 compared to 2 week average of 1138570.

Source : Equity Bulls

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