GMR Energy withdraws DRHP for IPO

GMR Infrastructure Ltd had announced that GMR Energy Limited, one of the Company's subsidiaries had filed a draft red herring prospectus dated March 28, 2014 with the Securities and Exchange Board of India ("SEBI").

Due to various business reasons GMR Energy Limited along with the selling shareholders have withdrawn the DRHP filed with the Securities and Exchange Board of India ("SEBI") on April 28, 2014.

Shares of GMR INFRASTRUCTURE LTD. was last trading in BSE at Rs.26.35 as compared to the previous close of Rs. 25.7. The total number of shares traded during the day was 1069515 in over 4074 trades.

The stock hit an intraday high of Rs. 26.85 and intraday low of 25.7. The net turnover during the day was Rs. 28274115.

Source : Equity Bulls

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