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GMR Infrastructure, on a consolidated basis, has posted a net loss of Rs 593 crore for Q1FY15 against a net loss of Rs 326 crore logged in the same period last year.
In a filing to the stock exchange, the company said its total income rose to Rs 2,796 crore from Rs 2,689 crore.
Meanwhile, the board of directors of GMR Infrastructure had on Wednesday approved fund-raising through issue of non-convertible debentures, equity shares/equity linked instruments or other securities up to Rs 2,500 crore.
Further, the board also approved the forfeiture of 4,500 partly paid-up equity shares of the company of Rs 1 each, with effect from August 14, 2014, against which a total of Rs 33,525 remained unpaid due to shareholders not remitting the balance, the company said in a communication to the stock exchange.
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