GMR Infrastructure allots 225080390 Shares

GMR Infrastructure Ltd has announced that the Management Committee of the Board of Directors of the Company in their meeting held on April 21, 2010 has allotted 225,080,390 Equity Shares of Re. 1/- each at the Issue Price of Rs. 62.20 per Equity Share (including Rs. 61.20/- towards share premium) to the Qualified Institutional Buyers under Chapter VIII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

The stock was trading at Rs.61.90, down by Rs.0.20 or 0.32%. The stock hit an intraday high of Rs.62.10 and low of Rs.61.70.

The total traded quantity was 40525 compared to 2 week average of 901289.

Source : Equity Bulls

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