GMR Infrastructure to raise over Rs 3,900 cr via QIP
GMR Infrastructure, the flagship company of GMR Group, said it will raise Rs 3,965.71 crore by way of qualified institutional placements of shares.
By PTI |
MUMBAI: GMR Infrastructure, the flagship company of GMR Group, said it will raise Rs 3,965.71 crore by way of qualified institutional placements of shares.
The board of directors at a meeting held today approved the issue of 16.52 crore shares at a price of Rs 240 each, the Bangalore-based company informed the Bombay Stock Exchange.
Citigroup Global Markets India, JM Financial Consultants, J P Morgan India, Kotak Mahindra Capital Company Ltd, Lehman Brothers Securities Pvt Ltd and UBS Securities India Pvt Ltd acted as the joint book-running managers for this issue.
Shares of the company closed at Rs 240.20, down 0.83 per cent, on BSE.
Last month, the company had received shareholders consent to raise up to Rs 5,000 crore through issue of securities in domestic or international markets.
GMR Infrastructure, which is modernising international airports at New Delhi and Hyderabad, holds 50.1 per cent in Delhi International Airport and 63 per cent in Hyderabad International Airport Ltd.
The remaining share is held by its joint venture partners including the Airports Authority of India.
The board of directors at a meeting held today approved the issue of 16.52 crore shares at a price of Rs 240 each, the Bangalore-based company informed the Bombay Stock Exchange.
Citigroup Global Markets India, JM Financial Consultants, J P Morgan India, Kotak Mahindra Capital Company Ltd, Lehman Brothers Securities Pvt Ltd and UBS Securities India Pvt Ltd acted as the joint book-running managers for this issue.
Shares of the company closed at Rs 240.20, down 0.83 per cent, on BSE.
Last month, the company had received shareholders consent to raise up to Rs 5,000 crore through issue of securities in domestic or international markets.
GMR Infrastructure, which is modernising international airports at New Delhi and Hyderabad, holds 50.1 per cent in Delhi International Airport and 63 per cent in Hyderabad International Airport Ltd.
The remaining share is held by its joint venture partners including the Airports Authority of India.
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