GMR Infrastructure Ltd Board approves Rights Issue of equity shares

The Board of Directors of GMR Infrastructure Ltd at its meeting held on September 16, 014, has considered and approved, subject to necessary approvals, as may be required, issue of equity shares by way of rights issue to the shareholders of the Company ("Rights Issue") for an amount upto Rs. 1500 Crore in aggregate in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 ("ICDR Regulations"), as amended and other applicable laws, rules and regulations.

Shares of GMR INFRASTRUCTURE LTD. was last trading in BSE at Rs.22.3 as compared to the previous close of Rs. 24.85. The total number of shares traded during the day was 5229949 in over 11325 trades.

The stock hit an intraday high of Rs. 25.15 and intraday low of 21.75. The net turnover during the day was Rs. 120275073.

Source : Equity Bulls

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