GMR Infra shares rally on plans to list unit

Reuters Market Eye - Shares in GMR Infrastructure rose as much as 5.8 percent after the company said its unit GMR Energy Ltd filed prospectus for an IPO with market regulator SEBI. (http://link.reuters.com/mys97v)

GMR is aiming to raise about $250 million from the share sale, a source with direct knowledge of the matter told Reuters.

Shares in the company were up 0.5 percent at 1:51 p.m.

(Reporting by Indulal P)