GMR Infrastructure gets nod to raise Rs 2,500 crore via multiple instruments

21 Mar 2014 Evaluate

GMR Infrastructure has received an approval from its shareholders to raise up to Rs 2,500 crore via multiple instruments. It will help the company to reduce corporate debt which is at Rs 4,500 crore and also to infuse equity into another power project in India in Chattisgarh.

The company also enhanced its authorised share capital from Rs 750 crore to Rs 1,950 crore to make a preferential allotment to a group of private equity investments led by Singapore-based Temasek and India's IDFC Group.

GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. It has successfully employed the public-private partnership model to build a portfolio of high quality assets.

GMR Airports Infra. Share Price

43.80 0.60 (1.39%)
08-Dec-2022 18:01 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 2167.30
Rail Vikas Nigam 70.70
KEC International 479.75
NCC 83.00
Ircon International 63.55
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