GMR Infrastructure planning to raise funds worth Rs 2,500 crore
29th Aug 2019

GMR Infrastructure is planning to raise funds up to Rs 2,500 crore in one or more tranches, through issue of equity shares or equity linked instruments, debentures or any other securities, as an enabling resolution. The shareholders of the Company at its Annual General Meeting will be held on September 16, 2019, to consider the same. The company also to raise funds through issue of 4 Optionally Convertible Debentures (OCDs) of face value of Rs 57.41 crore, aggregating to Rs 229.67 crore.

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.