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GMR Infrastructure rises on plan of raising Rs 2500 crore

24 Aug 2016 Evaluate

GMR Infrastructure is currently trading at Rs. 13.48, up by 0.09 points or 0.67% from its previous closing of Rs. 13.39 on the BSE.

The scrip opened at Rs. 13.50 and has touched a high and low of Rs. 13.62 and Rs. 13.29 respectively. So far 172198 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 18.60 on 03-Dec-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. 13.50 and Rs. 12.87 respectively. The current market cap of the company is Rs. 8094.20 crore.

The promoters holding in the company stood at 61.61%, while institutions and non-institutions held 27.40% and 10.99% respectively.

GMR Infrastructure, the flagship company of the GMR Group is planning to raise up to Rs 2,500 crore through issuance of equity shares, equity linked instruments, debentures or any other securities. The company will seek shareholders' approval for the same in its next AGM on September 14, 2016.

GMR Infrastructure is a Bangalore 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.

 

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