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GMR Infrastructure Ltd has informed BSE that the Management Committee of the Board of Directors of the Company at its meeting on April 18 has approved the allotment of 93,45,53,010 equity shares of face value of Re 1 each for cash at a price of Rs 15 including a premium of Rs 14 per equity share aggregating to Rs 1401.83 crore to the eligible equity shareholders.
This is part of the Rights Issue of Shares and the allotment is on the basis of allotment approved by the National Stock Exchange of India Limited.
The shares of GMR Infrastructure is trading Rs 16.55 per scrip at 3.15 pm.
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