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GMR Airports Infrastructure Ltd on Tuesday said its board will consider raising funds of up to ₹5,000 crore during the meeting on August 14.
At the meeting, the board will also consider the company's unaudited financial results for the quarter ended June, according to a regulatory filing.
The board will consider "raising of funds up to ₹5,000 crore in one or more tranche(s), through issue of securities including a Qualified Institutions Placement and/or Foreign Currency Convertible Bonds and/or any other securities as an enabling resolution as per the requirements of applicable laws which shall be subject to the approval of shareholders and other regulatory and/or statutory approvals, as applicable," it said.
Also read: From $3,000 to $10 billion, how GMR built an infrastructure conglomerate
Among others, GMR Group operates airports in Delhi, Hyderabad and Goa.
Shares of the company rose more than 1 per cent to close at ₹52.11 apiece on the BSE.
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