GMR Infrastructure to seek shareholders’ nod to raise up Rs2,500 crore1 min read . Updated: 09 Sep 2017, 08:20 PM IST
GMR Infrastructure will seek shareholders' nod to raise up to Rs2,500 crore through issuance of bonds, equity shares and equity-linked instruments later this month
New Delhi: GMR Infrastructure Ltd will seek shareholders’ nod to raise up to Rs2,500 crore through issuance of bonds, equity shares and equity-linked instruments later this month.
At the 21st annual general meeting of the company to be held on 29 September, “approval of the shareholders is being sought inter-alia for raising funds up to ₹ 2,500 crore in one or more tranche through issue of equity shares, equity linked instruments, debentures or any other securities...," GMR Infrastructure said in a filing to Bombay Stock Exchange (BSE).
GMR Group is a leading global infrastructure conglomerate with has interest in various sectors including airport, energy and transportation. Of the 15 power project which the group has, 10 are in operation and five are under development.