Fund-raising plan to steer GMR Infra forward

The stock of GMR Infrastructure could see action on the bourses as the Management Committee of the company’s Board of directors is scheduled to meet on December 4, 2015, to consider and approve an appropriate instrument, issue price and other terms of issue of a ₹2,500-crore fund raising plan. Board approval for the fund-raising was obtained at a meeting held on August 13, 2015 and shareholder approval received at the AGM held on September 23.