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GMR Infrastructure allots equity shares on rights basis

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Capital Market

Aggregating Rs 1401.83 crore

GMR Infrastructure announced that the Management Committee of the Board of Directors of the Company in its meeting held on 18 April 2015 has approved the allotment of 93,45,53,010 equity shares of face value of Re. 1 each ("Rights Equity Shares ") for cash at a price of Rs. 15 including a premium of Rs. 14 per equity share aggregating to Rs. 1401.83 crore to the eligible equity shareholders, as per the basis of allotment approved by the Designated Stock Exchange (National Stock Exchange of India).

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First Published: Apr 20 2015 | 1:28 PM IST

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