GMR Infra has gained 1% to Rs 23 on reports that the Maldives authorities have allowed Male International Airport Ltd (MIAL) operator GMR Infrastructure to collect airport development and insurance fees (ADF) from passengers, nearly a month after a local court barred the Bangalore-based company from doing so.
GMR Infrastructure commented on Saturday that it has allotted 2,500 non-convertible debentures to group firm GMR Airports Holdings for Rs 250 crore.
"The company (GMR Infrastructure) has allotted 2,500 non-marketable, unsecured, non-convertible debentures of face value of Rs 10 lakh each, aggregating to Rs 250 crore, to GMR Airports Holding," GMR Infrastructure said to the BSE.
In the intraday deal, the stock has traded nearly 1,001,288 shares in NSE.
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