GMR Airports Infrastructure shines on planning to raise up to Rs 5,000 crore through various modes
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GMR Airports Infrastructure is currently trading at Rs. 54.20, up by 1.95 points or 3.73% from its previous closing of Rs. 52.25 on the BSE.
The scrip opened at Rs. 52.11 and has touched a high and low of Rs. 54.50 and Rs. 52.11 respectively. So far 398278 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 54.50 on 09-Aug-2023 and a 52 week low of Rs. 33.35 on 24-Aug-2022.
Last one week high and low of the scrip stood at Rs. 54.50 and Rs. 50.26 respectively. The current market cap of the company is Rs. 31809.43 crore.
The promoters holding in the company stood at 59.07%, while Institutions and Non-Institutions held 32.57% and 8.36% respectively.
GMR Airports Infrastructure is planning to raise funds up to Rs 5,000 crore in one or more tranche, 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. A meeting of the Board of Directors of GMR Airports Infrastructure is scheduled to be held on August 14, 2023 to inter-alia, consider and approve the same.
GMR Airports Infrastructure (formerly known as 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.
