GMR INFRASTRUCTURE LTD. - Allotment of Equity Shares
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| 27 Aug 2015 | |
| GMR Infrastructure Ltd has informed BSE that the Management Committee of the Board of Directors of the Company at its Meeting held on August 26, 2015 has allotted 35,94,78,241 Equity Shares, upon automatic conversion of 5,683,351 Series A Compulsorily Convertible Preference Shares of face value Rs.1000/- each, carrying a coupon of 0.001% per annum, having a term of 17 months from the date of allotment (Series A CCPS), each fully paid up, of Re. 1/- each at Rs. 15.81 per Equity Share (including a premium of Rs. 14.81 per Equity Share) determined in accordance with Regulation 76 of the Securities and Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2009 to the allottees.<BR><BR>Consequent to the above allotment, the paid up equity capital of the Company has increased from 5,29,58,00,389 to 565,52,78,630.<BR><BR>The requirement of lock in of the subject equity shares, allotted on preferential basis in terms of SEBI (ICDR) Regulations 2009, will be decided as per the advice of the Stock Exchanges. | |
| View all announcements for GMR INFRASTRUCTURE LTD. | Source: BSE India |
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