GMR Infrastructure is currently trading at Rs 16.05, up by 0.60 points or 3.88% from its previous closing of Rs. 15.45 on the BSE.
The scrip opened at Rs. 16.25 and has touched a high and low of Rs. 16.80 and Rs. 15.65 respectively. So far 6359239 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 20.27 on 28-Feb-2015 and a 52 week low of Rs. 9.58 on 04-Sep-2015.
Last one week high and low of the scrip stood at Rs. 18.60 and Rs. 14.85 respectively. The current market cap of the company is Rs. 9808.41 crore.
The promoters holding in the company stood at 61.02% while Institutions and Non-Institutions held 25.51% and 13.47% respectively.
GMR Infrastructure, the flagship company of the GMR Group had raised $300 million by selling foreign currency convertible bonds (FCCBs) to Kuwait Investment Authority (KIA), a sovereign wealth fund. KIA has agreed to subscribe to a sixty year (60 year) long Foreign Currency Convertible Bond (FCCB) due 2075 to be issued by GMR. The bonds will be convertible into equity shares of Rs 1 each. The initial conversion price is Rs 18 per share, but the investor can exercise the option to convert after 18 months.
GMR’s FCCB issuance is the longest tenor convertible issuance out of India and will have several ‘equity-like’ features such as long tenor, unsecured and subordinated status and mandatory conversion. Such features are generally seen in perpetual-type issuances. The proceeds from the FCCB will be primarily used to repay certain outstanding obligations of GMR and its subsidiaries.
GMR Infrastructure is a Bangalor headquartered Infrastructure group with interests in Airports, Energy, Highways and Transportation & Urban Infrastructure sectors. It has successfully employed the public-private partnership model to build a portfolio of high quality assets. The Company has 15 Power generation assets of which 8 are operational and 7 are under various stages of development.
| Company Name | CMP |
|---|---|
| Dreamfolks Services | 83.03 |
| GMR Airports | 97.36 |
| View more.. | |
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