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GMR Infrastructure Ltd has informed BSE that the Management Committee of the Board of Directors of the Company at its meeting on Saturday has approved the allotment of 93.45 crore equity shares of face value of ₹1 each for cash at a price of ₹15 including a premium of ₹14 per equity share aggregating to ₹1,401.83 crore to the eligible equity shareholders. This is part of the rights issue of shares and the allotment is on the basis of allotment approved by the NSE.
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