Comments
GMR Infrastructure today said its Rs 1,400-crore rights issue will open on March 24.
“The Management Committee of the board of directors of the company has approved and adopted the Letter of Offer (LOF) and issue schedule, for the issue of equity shares having face value of Re 1 each by the company on a rights basis to its existing shareholders,” GMR Infrastructure informed BSE.
The closing date for the rights issue is April 8, 2015.
The issue seeks to mobilise over Rs 1,400 crore consisting of 93.45 crore fully paid-up equity shares of face value of Re 1 each.
The equity shares are being offered on a rights basis to the eligible equity shareholders in the ratio of 3 equity shares for every 14 equity shares held on the record date of March 12.
Shares of GMR Infrastructure were trading at Rs 17.45, up 1.45 per cent from their previous close on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.