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GMR Infra shares rally on plans to list unit

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Reuters
Last Updated : Mar 31 2014 | 2:10 PM IST

Reuters Market Eye - Shares in GMR Infrastructure rose as much as 5.8 percent after the company said its unit GMR Energy Ltd filed prospectus for an IPO with market regulator SEBI. (https://bsmedia.business-standard.comlink.reuters.com/mys97v)

GMR is aiming to raise about $250 million from the share sale, a source with direct knowledge of the matter told Reuters.

Shares in the company were up 0.5 percent at 1:51 p.m.

(Reporting by Indulal P)

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First Published: Mar 31 2014 | 1:52 PM IST

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