GMR Infra shares rally on plans to list unit

Shares in GMR Infrastructure rose as much as 5.8 percent after the company said its unit GMR Energy Ltd filed prospectus for an IPO with market regulator SEBI.

GMR is aiming to raise about $250 million from the share sale, a source with direct knowledge of the matter told Reuters.

Shares in the company were up 3.7 percent at 22.70 rupees at 9.59 am.


  • RBI should make it must for banks to disclose loans refinanced under 5/25 scheme

    There is reasonable doubt that banks are using the 5/25 scheme to postpone dealing with bad loans.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


BK Chaturvedi

Bihar, development and governance

Chief minister Nitish Kumar won the recent Bihar election with ...

Kuruvilla Pandikattu

The miracle of miracles

In 1966 Time magazine ran a cover story asking: Is ...

Dharmendra Khandal

Mosquitoes are a menace, but part of eco system too

Who can deny that mosquitoes are a menace? The buzz ...


William D. Green

Chairman & CEO, Accenture