GMR Infra raise Rs 1500 cr via right issue

GMR Infra raise Rs 1500 crore via right issue. Company filed the form and showing for approval in Security Exchange Board of India. Right issue share price and ratio pre - determined and it allocated existing holder.



Right issue via collected money using repayment for borrowings in GMR Infra and investment in GMR Energy Ltd and general corporate purpose.



Lead Manager : JM Financial Securities , Axis Capital, ICICI Securities and SBI Capital.



Registrar : Karvy Computer share



Principal approval received from NSE and BSE for share listing.

Posted in: Indian Market Tips