GMR Infrastructure allots equity shares on rights basis

Image
Capital Market
Last Updated : Apr 20 2015 | 2:13 PM IST

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).

Powered by Capital Market - Live News

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

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

Next Story