GMR INFRASTRUCTURE LTD. - Outcome of Board Meeting
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| 14 Aug 2014 | |
| GMR Infrastructure Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2014 has accorded approval for raising of funds through issue of non-convertible debentures, equity shares / equity linked instruments or any other securities upto an amount of Rs. 2,500 Crore, as an enabling resolution, subject to the approval of the shareholders. This resolution is in accordance with the requirements of the Companies Act, 2013.<br/><br/>The Board of Directors also approved the forfeiture of 4,500 partly paid up equity shares of the Company of Re. 1 each, with effect from August 14, 2014, on which an aggregate sum of Rs. 33,525 remains unpaid due to the failure of the shareholders of these partly paid up equity shares to pay the unpaid amount of allotment money due thereon. The Company had issued several notices to the shareholders requiring them to pay the unpaid amount due on the shares and informing that in the event of non-payment, the shares in respect of which such call was made or installment is payable will be liable to be forfeited. | |
| View all announcements for GMR INFRASTRUCTURE LTD. | Source: BSE India |
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