GMR Infrastructure planning to raise up to Rs 2,500 crore via equity or debt
1st Aug 2019

GMR Infrastructure is planning to raise funds up to Rs 2,500 crore in one or more tranche(s), through issue of equity shares or equity linked instruments, debentures or any other securities as an enabling resolution as per the requirements of applicable laws and also through issue of 4 Optionally Convertible Debentures (OCDs) of face value of Rs 57,41,97,685, aggregating to Rs 229,67,90,740 under Section 62 (3) of the Companies Act, 2013.

The meeting of the Board of Directors of the company is scheduled to be held on August 5, 2019 to consider and approve the same.

GMR Infrastructure is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.