Business Standard

GMR Infrastructure allots CCPS

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Capital Market

As per decision taken on 26 March 2014

GMR Infrastructure has announced the Management Committee of the Board of Directors of the Company at its meeting held on 26 March 2014 has allotted of 11366704 Compulsorily Convertible Preference Shares of face value Rs 1000 each comprising of -

(A) 5,683,351 Compulsorily Convertible Preference Shares of face value Rs 1000 each carrying a coupon of 0.001% per annum and having a term of 17 months from the date of allotment (Series A CCPS), each fully paid up, and

(B) 5,683,353 Compulsorily Convertible Preference Shares of face value Rs 1000 each carrying a coupon of 0.001% per annum and having a term of 18 months from the date of allotment (Series B CCPS), each fully paid up by way of preferential allotment.

 

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First Published: Mar 26 2014 | 4:44 PM IST

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