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GMR Infrastructure Ltd kicks off QIP-Business Standard

Wednesday, 2 Jul 2014 07:30am EDT 

GMR Infrastructure Ltd:Has launched a QIP (qualified institutional placement) to raise around 12.00 bln Indian Rupees-Business Standard.The infrastructure company has set a floor price of 33.14 Indian Rupees per share for the QIP.The company will use the proceeds of this QIP to reduce a part of its 400.00 bln Indian Rupees debt as well as route equity into a coal-fired power project being put up in Chhattisgarh which will have a 1,370 Mw capacity. 

Company Quote

0.05 +0.22%
19 Sep 2014