Comments
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.
Comments
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.