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Tuesday, Nov 13, 2007
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Corporate - Overseas Borrowings
GMR to raise up to Rs 5,000 cr

Our Bureau

Bangalore, Nov. 12 GMR Infrastructure plans to raise up to Rs 5,000 crore through various instruments including foreign currency convertible bonds, GDRs, ADRs or equity shares through depository receipt mechanism.

The company in an release to the BSE today said that an EGM will be held on November 26 to obtain shareholders’ approval for the enabling measure raising the amount.

At the EGM, the company will also seek approval of the appointment of Mr G.M. Rao as Whole Time Executive Chairman and Mr G.B.S. Raju as the Managing Director, each for a period of five years with effect from October 18.

More Stories on : Overseas Borrowings | Real Estate & Construction

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