GMR Infrastructure: Outcome of management committee meeting

Written By Unknown on Kamis, 10 Juli 2014 | 23.06

GMR Infrastructure has informed that in respect of the QIP, the Management Committee of the Board of Directors of the Company has, at its meeting held on July 10, 2014, approved the issue and allotment of 468,817,097 Equity Shares to eligible qualified institutional buyers at the issue price of Rs. 31.50 per Equity Share.

GMR Infrastructure Ltd has informed BSE that in respect of the QIP, the Management Committee of the Board of Directorsof the Company has, at its meeting held on July 10, 2014, approved the issue and allotment of 468,817,097 Equity Shares to eligible qualified institutional buyers at the issue price of Rs. 31.50 per Equity Share which is at a discount of Rs. 1.64 per Equity Share on the Floor Price of Rs. 33.14 per Equity Share, aggregating to approximately Rs. 1,476.77 crore under the SEBI Regulations and Section 42 of the Companies Act, 2013, other applicable provisions and rules prescribed thereunder.Source : BSE

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