Board of GMR Infrastructure approves fund raising up to Rs 2500 cr by equity issue

At meeting held on 14 August 2018

The Board of GMR Infrastructure at its meeting held on 14 August 2018 has approved the following -

i. Raising of funds, up to Rs.2,500 crore in one or more tranche(s), through issue of equity shares or equity linked instruments, debentures or any other securities as an enabling resolution as per the requirements of applicable laws; and

ii. Raising of funds, up to Rs.450 crore in one or more tranche(s), through issue of optionally convertible debentures (OCDs) under Section 62 (3) of the Companies Act, 2013.

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