GMR Infrastructure Ltd has sought market regulator Sebi's clearance to raise up to Rs 1,500 crore through a rights issue.
The company will issue equity shares for an aggregate amount "not exceeding Rs 1,500 crore on a rights basis" to its shareholders, a draft letter filed by the firm with Securities and Exchange Board of India (Sebi) showed.
In a rights issue, shares are issued to existing investors as per their holding at a pre-determined price and ratio.
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JM Financial Institutional Securities, Axis Capital, ICICI Securities and SBI Capital Markets are the lead managers to the issue. Karvy Computershare is the registrar to the issue.
The company said that it "has received in-principle approvals from the BSE and the NSE for listing the equity shares to be allotted pursuant to the issue".
GMR Infrastructure has interest in sectors such as airports, roads, power plants and urban infrastructure.
For the year ended March 31, 2014, the consolidated income of the company from operations stood at about Rs 10,567 crore.