At an issue price of Rs 31.50 (including premium of Rs 30.50 per unit)
GMR Infrastructure announced that the Management Committee of the Board of Directors of the Company at its meeting held on 26 August 2014, has approved the allotment of 18,00,00,000 number of Warrants having an option to apply for and be allotted equivalent number of equity shares of face value of Re.1/- each of an aggregate nominal amount of Rs. 18,00,00,000 to M/s. GMR Infra Ventures LLP (forming part of promoter group) at an issue price of Rs. 31.50 per equity share (including premium of Rs. 30.50 per equity share) as determined in terms of Regulation 76 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.The Company has received Rs. 141.75 crore from M/s. GMR Infra Ventures LLP, being 25% of the consideration amount for allotment of the said warrants and the balance amount will be received upon exercising the right to subscribe equity shares against the said warrants within 18 months from the date of allotment i.e. on or before 25 February 2016.
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