GMR Infrastructure has received approval to raise funds, up to Rs 2,500 crore in one or more tranches, through issue of equity shares or equity linked instruments, debentures or any other securities. The meeting of Board of directors of the company held on August 14, 2018, approved the same.
The company has also received approval to raise funds, up to Rs 450 crore in one or more tranches, through issue of optionally convertible debentures (OCDs).
GMR Infrastructure is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.
