Construction firm GMR Infrastructure today said it has approved sub-division of its existing equity shares of Rs 2 each into 2 equity shares of Re 1 each.

The shareholders passed a resolution regarding the stock-split at the 13th annual general meeting (AGM) today, GMR Infrastructure said in a filing to the Bombay Stock Exchange (BSE).

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The shareholders ratified appointment of Price Waterhouse and S R Batliboi & Associates as joint statutory auditors of the company, it said.

The firm is engaged in generation of power, development of expressways, airport infrastructure facilities and special economic zones through its subsidiaries, associates and joint ventures.

It operates in business segments of power, roads, airport infrastructure and others. The airport business of the company comprises Hyderabad airport, Delhi airport and Istanbul airport.

Shares of the company closed at Rs 143.05, up 0.53 per cent from previous close on the BSE.

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